nisqually funding mechanisms workshop part 2
DESCRIPTION
Presentation Given By: Tracy Stanton, Earth EconomicsTRANSCRIPT
© 2013 Earth Economics
Developing New Funding Mechanisms in the Nisqually
July 19, 2013
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Built Capital Social Capital Human Capital Natural Capital
Four Types of Capital
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Nisqually Watershed
12 Ecosystem Services 18 Land Cover types
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Freshwater Supply
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Erosion Control
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Biological Control
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Flood Protection
http://www.ucmp.berkeley.edu/glossary/gloss5/biome/wetlands/wetlandsgallery.htm
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Nutrient Cycling
http://www.plantanswers.com/Articles/DirectSeedingIntoGardenSoil.asp
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Carbon Sequestration
© 2012 Earth Economics
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Soil Formation
hEp://www.trekearth.com/gallery/Asia/India/North/Jammu_and_Kashmir/Gurez/photo1160427.htm
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Pollination
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Wildlife Habitat
http://robinloznakphotography.blogspot.com/2010/07/northern-spotted-owl.html
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Aesthetic and Recreation
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Categories of Ecosystem Services
Informa4on Func4ons Aesthe4c & Recrea4on
Cultural & ar4s4c Science & educa4on
Habitat Func4ons Wildlife Habitat
Nursery
Provision Func4ons Water supply
Drinking Water Purifica4on Food
Raw materials Gene4c resources Medicinal resources Ornamental resources
Regula4on Func4ons Climate Stability Gas Regula4on Flood Protec4on Storm Protec4on Water Regula4on Soil Erosion Control
Soil Forma4on Nutrient Cycling Waste Treatment
Pollina4on Biological Control
Provision Func4ons Water supply
Drinking Water Purifica4on Food
Raw materials Gene4c resources Medicinal resources Ornamental resources
Informa4on Func4ons Aesthe4c & Recrea4on
Cultural & ar4s4c Science & educa4on
Regula4on Func4ons Climate Stability Gas Regula4on Flood Protec4on Storm Protec4on Water Regula4on Soil Erosion Control
Soil Forma4on Nutrient Cycling Waste Treatment
Pollina4on Biological Control
Habitat Func4ons Wildlife Habitat
Nursery
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ES in Nisqually Report-‐2009
High
$280 million Low
$4.1 Billion
In yearly benefits
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Applying Ecosystem Services
Identify Value Model and Map Analyze Fund
What? Why? Result
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Stakeholders
Identify Value Model and Map Analyze Fund
Watershed Managers U[li[es
Standards Boards
Farmers
Government Agencies
Business Interests
Academic Ins[tu[ons
Rural Landowners
NGOs
Urban Residents
Tribes
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Overview of Project Secure sufficient funding for the full-scale implementation of
the restoration of the Nisqually Watershed
hEp://www.wetlandsplendors.com/porbolio/allegheny-‐river-‐clearing-‐storm-‐2/
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Goals and Outcomes 1. Iden[fy 3-‐5 poten[al funding mechanisms;
2. Stakeholder engagement to evaluate the funding mechanisms based on a set of criteria;
3. Of the 3 selected by stakeholders, provide an overview of economic benefits to residents and the implementa[on strategy;
4. Focus on one mechanism that is likely to be implemented within one year ager the project concludes.
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Ques[ons to address…
1. How much funding is needed? A: ($3 million)
2. How much funding is dedicated to habitat restora[on annually? A: ($1 -‐ 1.5 million)
3. Verify the scale of implementa[on for the funding mechanism A: (aiming for $1.5M (new sources of $$) for the whole watershed; for a suite of ac[vi[es and needs that go beyond the Salmon Recovery Plan).
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List of Funding Mechanisms 1. Investment in Watershed Services (Payments for Ecosystem Services)
2. Regulatory Markets: trading, offset markets, mi[ga[on banking
3. Special Fees: assessed by Park Service in Mt. Rainier Na[onal Park
4. Taxes
5. Watershed Investment District
6. Conserva[on Easements & Tradable Development Rights
7. Loans: State Revolving Loans (low interest)
8. Grants (from Government, NGOs, Private Founda[ons)
9. Special Purpose Districts (water, stormwater, conserva[on)
10. Special Purpose Funds (Eugene, OR-‐ Watershed Investment Fund)
11. Voluntary Offsets (carbon, in stream water rights, stormwater)
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Poten[al Funding Mechanisms for Nisqually
1. Watershed Protec[on Fee (collected by water u[lity)
2. Watershed Stewardship Fee (levied upon entrance to Mt. Rainier Na[onal Park and Nisqually Na[onal Wildlife Refuge)
3. Watershed Investment District (WID)
4. Per parcel tax assessment or “flush” tax (flat rate or based on value: i.e. 70,000 x $30 = $2,100,000)
5. Voluntary Offset Fund (for water use, stormwater or biodiversity-‐poten[ally in conjunc[on with large ins[tu[onal players in the basin-‐Joint Base Lewis-‐McChord, Tacoma Power, others)
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1. Watershed Protec[on Fee (Driven by water u[lity)
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2. Watershed Stewardship Fee (Collected upon entrance to Mt. Rainier Na[onal Park
and Nisqually Na[onal Wildlife Refuge)
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3. Watershed Investment District (WID)
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4. Special assessments (tax) Per parcel: (i.e. $30 x 70,000 =
$2,100,000); flush tax
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5. Voluntary Offset Fund Model: Voluntary Carbon Offsets used for biodiversity, stormwater or water-‐use offsets (opportunity to engage across the watershed including with large ins[tu[onal players in the basin such as Joint Base Lewis-‐ McChord, Tacoma Power and others)
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Stakeholder Engagement
Evalua[on/Ra[ng Criteria of the FM:
• Equity/fairness • Adequacy to generate sufficient revenue
• Poli[cal feasibility • Meets outreach and educa[onal goals
• Can be implemented ager one year