This article was originally published in the Mit Mail newsletter. Click here to read the original.
14 May 2014 | Greetings! We’re back in the office after a busy week at the annual National Mitigation and Ecosystem Banking Conference in Denver.
The National Mitigation Banking Association saw its annual change of leadership at the conference. Ecosystem Marketplace spoke to its incoming president Wayne White about priorities this year. These include a continued stress on pushing for hard data and transparency across mitigation methods. There’s also a new focus on partnerships with the non-profit sector.
A recent strategy put forth by the Department of Interior on mitigation and a raft of upcoming policy from the US Fish & Wildlife Service were big topics of conversation. Another highlight of the conference was the focus on emerging market opportunities, like enlisting banking as a partner in securing funds and developing green and natural infrastructure in coastal regions, and partnering with the Natural Resource Damage Assessment and Restoration Program. A strategy for coordinating conservation banking with Habitat Conservation Plans, rather than seeing the latter undermine the former, was also a recurring topic.
Outside of Denver, it’s been a good month for restoration finance: a new impact investment platform is set to be launched tomorrow by TNC and JPMorgan Chase, with an ambitious goal of raising $1 billion for conservation projects in its first three years. On the Forbes blog, a piece tracing the growth of private capital support for wetland restoration offers a model for other eco-markets. And in the EU, a new $40 million financing facility for natural capital aims to leverage private finance for biodiversity offsets and payments for ecosystem services projects.
On the other hand, two items suggest that ‘no-net-loss’ is still more talk than action: the US EPA is putting a big asterisk after its no-net-loss for wetlands claims, while a paper reviewing corporate no-net-loss/net positive impact commitments finds a mixed bag in terms of the details and quality of commitments.
ââ‚¬â€The Ecosystem Marketplace Team
If you have comments or would like to submit news stories, write to us at firstname.lastname@example.org.