Ecosystem Services
At the Oregon Business Summit on December 3, 2007, Bill Gaffi and Allen Alley discussed Oregon’s opportunity to gain environmental and economic benefits from the buying and selling of ecosystems services (link to PDF). Many Oregonians are already moving forward to develop markets for ecosystem services, ranging from the Willamette Ecosystem Marketplace project of the Willamette Partnership, to the Deschutes Water Bank.
The Duke Environmental Leadership Program held a workshop on Ecosystem Services and Valuation on December 17-18, 2007 for state agency heads from throughout the country. Top experts addressed a range of markets from carbon offsets and nutrient trading to wetlands credits and conservation banking. Oregon was represented by Gail Achterman of INR and David Primovich of the Willamette Partnership. Many other states, such as North Carolina, New Jersey, Florida and California, are aggressively developing ecosystem service markets.
Sally Duncan of INR is working with David Primovich and others to develop an action plan for the development of ecosystem services markets in Oregon. Expect to hear more about these new markets between now and the 2009 Legislative Session.
If you’d like to study this important topic, a good place to start from a policy perspective is The Law and Policy of Ecosystems Services (Island Press, 2007) by J. D. Ruhl, Chris Lant and Steve Kraft.
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