Leveraging Ecosystem Markets for Sustainability
Abstract:This paper presents a framework for an ecosystem services marketplace, particularly a set of questions potential buyers in these markets can use to assess when and how they might participate. Many US environmental policies, such as the Clean Water Act, were enacted to stem the most visible threats to the ecosystem. Today's problems, such as climate change and non-point source pollution, are complex and no one organization controls the problem or the solution. This dynamic is partially recognized through growth in watershed-based permitting, trading activity, and other efforts to view water holistically. These new approaches, particularly trading, demand new sets of resources and capacities likely to change how water resource managers organize their work. The framework presented here is a product of Clean Water Services' experience, and is meant as guide for organizations exploring the pros and cons of dipping into ecosystem markets.
Document Type: Research Article
Publication date: January 1, 2008
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