Eco-Asset
Reports
The
Promise to Metropolitan Communities
of Ecological Economics and Ecological Asset Management
Opportunities exist for companies, governments
and citizens in metropolitan areas to cooperatively
achieve exemplary environmental performance alongside
of compact, equitable development through community
environmental partnerships. These partnerships can
take advantage of greater regulatory flexibility,
better access to information and smarter use of existing
public funding stemming from a new relationship between
the federal government and metropolitan areas. And
they can generate long-term value both to the community
and to the private sector as well.
Click here
to view this report.
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Ecologicals
Assets and Property Values: A Guide To Conservation
Easements,
"Eco-rights", and Taxes
Eco-rights are similar to mineral, water,
riparian, air and 'usage' rights traditionally associated
with real estate. They represent the right to preserve,
enhance, restore or create (PERC) targeted ecosystem
services, and to realize monetary value from the banking,
trading or sale of agency granted eco-asset paper
(tradable permits, credits, allocations, certificates,
etc.) generated on a property. For many landowners
these resources represent an undiscovered component
of real estate value. Yet, as part of a growing and
diversifying environmental marketplace, these values
now deserve to be known during every phase of real
estate appraisal, development and/or exchange. Further,
the tax implications of eco-asset developments should
be taken into consideration in order to understand
the full range of property management options.
02/04
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additional information about this report, click here.
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EAG.
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Comparing Environmental Mitigation
Policy Alternatives
This analysis presents an evaluation
of the performance of environmental mitigation banking
systems operating under different regulatory, pricing
and subsidization regimes. The analysis draws on system
dynamics modeling and computer simulation undertaken
by Saeed and Fukuda, and reported in 2003 as "Testing
Design of a Social Innovation: The Environmental Mitigation
Banking System."*
Pricing of credits is shown to be an important aspect
of mitigation bank success. Methods connecting bank
cost to price and to markets can be proposed as the
basis for mitigation policies. These seem to be more
efficient than policies constraining prices, even
when this is undertaken to stimulate regional development.
However, markets seem to create optimal credit pricing
opportunities without necessarily connecting mitigation
credit prices to mitigation bank costs. In fact, market
pricing of credits might be the easiest and most effective
way to assure reliable bank operation - preserving
or enhancing the functionality of the natural environment
- while also supporting growth & development at
sustainable levels.
Lastly, it appears that mitigation banking systems
seem to perform best when operated in the absence
of subsidies. Subsidization by government, although
advocated by public interest groups, seems less efficient
than free-market systems overseen with the public
interest in mind. Subsidization may create more rapid
development growth, but can also cause overshoot of
credit supply and decline in overall bank performance.
12/03
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Banking Policy Models
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*Saeed, K and Atsushi Fukuda, 2003. Testing Design
of a Social Innovation, The Environmental Mitigation
Banking System. Proceedings of the 36th Hawaii International
Conference on System Sciences. IEEE #0-7695-1874-5/03.
