Update on Ecosystem Markets 2015
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This document provides an update on ecosystem markets in 2015. It discusses various ecosystem service markets including carbon sequestration, watershed services, and biodiversity conservation. For carbon markets, it notes the role of voluntary programs like CAR and VCS as well as regulatory programs like RGGI and California's AB 32. It provides details on TFG's carbon projects and credits issued. For watershed services, it discusses wetlands and stream mitigation markets and credit pricing varies by region. Finally, it outlines some biodiversity credit programs focused on habitat conservation and restoration.
Update on Ecosystem Markets 2015
- 1. Update on Ecosystem Markets 2015 STUART HALE shale@fmcllc.net THE FOREST MANAGEMENT COMPANY ABINGDON VA
- 2. Ecosystem Services Markets Forest products Recreation Carbon sequestration Watershed services Biodiversity/ Conservation The benefits humans obtain from ecosystems.
- 3. Carbon markets Voluntary Climate Action Reserve (CAR) Voluntary Carbon Standard (VCS) Forestry and land use (REDD) account for approximately 45% of carbon market share valued at $126 M (2013) Regulatory Regional Greenhouse Gas Initiative (RGGI) California AB 32
- 11. TFG carbon projects Project Acres State Credits issued (approximate) Virginia Highlands I 9,753 VA (HFF IV) 193,277 Bishop 229,601 Michigan (HFF IV) 2,163,951 (largest under ARB) Champion Property 102,899 New York (HFF III) 166,918 Connecticut Lakes 141,062 New Hampshire (HFF IV) 1,442,576 Total 483,315 3,966,722 *More under development*
- 13. Watershed services markets no net loss under Clean Water Act Stream Wetlands Options: Permittee-Responsible In-Lieu Fee Mitigation Banks
- 16. Watershed services markets Stream mitigation credit prices Region Price per credit ($/LFt) United States 240 (average) Virginia 400 Tennessee 200 North Carolina 256 $20 35 per linear foot $4,356 7,623 acre $3,136.24
- 17. Watershed services markets Region Price range ($/per acre) Average/ILF ($/per acre) United States 3,000 653,000 74,535 Virginia 75,000 North Carolina 50,313 69,736 69, 736 West Virginia 60,262 Wetland mitigation credit prices Pessimistic price of $11,081 Most likely price of $16,081 Optimistic price of $21,081
- 19. Biodiversity/conservation services markets Mostly voluntary markets centered around habitat conservation and restoration Some regulatory markets based on ESA WV Thunderstruck Conservation Bank Cheat Mountain Salamander West Virginia Northern flying squirrel
- 20. Biodiversity/conservation services markets West Virginia - $8-million to use logging to improve cerulean warbler habitat Funding provided by NRCS, through Appalachian Mountains Joint Venture, to offset costs of habitat specific management Shelterwood harvests on north- and east-facing slope with oak-hickory stands Creating gaps while maintaining oak-hickories After approximately 5-years as habitat becomes less suitable perform second harvest
- 21. Biodiversity/conservation services markets Virginia Purchase of forestland and rights for conservation Tree species restoration (long and shortleaf pine) Early successional habitats for wildlife and pollinators Reduce sedimentation
- 23. Update on Ecosystem Markets 2015 STUART HALE shale@fmcllc.net THE FOREST MANAGEMENT COMPANY ABINGDON VA