Nisqually Funding Mechanisms Workshop Part 2

© 2013 Earth Economics

Developing New Funding Mechanisms in the Nisqually

July 19, 2013



Built Capital Social Capital Human Capital Natural Capital

Four Types of Capital


Nisqually Watershed

12 Ecosystem Services 18 Land Cover types


Freshwater Supply



Erosion Control


Biological Control


Flood Protection

http://www.ucmp.berkeley.edu/glossary/gloss5/biome/wetlands/wetlandsgallery.htm


Nutrient Cycling

http://www.plantanswers.com/Articles/DirectSeedingIntoGardenSoil.asp


Carbon Sequestration



Soil Formation

hEp://www.trekearth.com/gallery/Asia/India/North/Jammu_and_Kashmir/Gurez/photo1160427.htm


Pollination



Wildlife Habitat

http://robinloznakphotography.blogspot.com/2010/07/northern-spotted-owl.html


Aesthetic and Recreation



Categories of Ecosystem Services

Informa4on Func4ons Aesthe4c & Recrea4on

Cultural & ar4s4c Science & educa4on

Habitat Func4ons Wildlife Habitat

Nursery

Provision Func4ons Water supply

Drinking Water Purifica4on Food

Raw materials Gene4c resources Medicinal resources Ornamental resources

Regula4on Func4ons Climate Stability Gas Regula4on Flood Protec4on Storm Protec4on Water Regula4on Soil Erosion Control

Soil Forma4on Nutrient Cycling Waste Treatment

Pollina4on Biological Control

Provision Func4ons Water supply

Drinking Water Purifica4on Food

Raw materials Gene4c resources Medicinal resources Ornamental resources

Informa4on Func4ons Aesthe4c & Recrea4on

Cultural & ar4s4c Science & educa4on

Regula4on Func4ons Climate Stability Gas Regula4on Flood Protec4on Storm Protec4on Water Regula4on Soil Erosion Control

Soil Forma4on Nutrient Cycling Waste Treatment

Pollina4on Biological Control

Habitat Func4ons Wildlife Habitat

Nursery


ES in Nisqually Report-‐2009

High

$280 million Low

$4.1 Billion

In yearly benefits

© 2013 Earth Economics Copyright © 2011 Earth Economics

Applying Ecosystem Services

Identify Value Model and Map Analyze Fund

What? Why? Result

© 2013 Earth Economics Copyright © 2011 Earth Economics

Stakeholders

Identify Value Model and Map Analyze Fund

Watershed Managers U[li[es

Standards Boards

Farmers

Government Agencies

Business Interests

Academic Ins[tu[ons

Rural Landowners

NGOs

Urban Residents

Tribes


Overview of Project Secure sufficient funding for the full-scale implementation of

the restoration of the Nisqually Watershed

hEp://www.wetlandsplendors.com/porbolio/allegheny-‐river-‐clearing-‐storm-‐2/


Goals and Outcomes 1. Iden[fy 3-‐5 poten[al funding mechanisms;

2. Stakeholder engagement to evaluate the funding mechanisms based on a set of criteria;

3. Of the 3 selected by stakeholders, provide an overview of economic benefits to residents and the implementa[on strategy;

4. Focus on one mechanism that is likely to be implemented within one year ager the project concludes.


Ques[ons to address…

1. How much funding is needed? A: ($3 million)

2. How much funding is dedicated to habitat restora[on annually? A: ($1 -‐ 1.5 million)

3. Verify the scale of implementa[on for the funding mechanism A: (aiming for $1.5M (new sources of $$) for the whole watershed; for a suite of ac[vi[es and needs that go beyond the Salmon Recovery Plan).


List of Funding Mechanisms 1. Investment in Watershed Services (Payments for Ecosystem Services)

2. Regulatory Markets: trading, offset markets, mi[ga[on banking

3. Special Fees: assessed by Park Service in Mt. Rainier Na[onal Park

4. Taxes

5. Watershed Investment District

6. Conserva[on Easements & Tradable Development Rights

7. Loans: State Revolving Loans (low interest)

8. Grants (from Government, NGOs, Private Founda[ons)

9. Special Purpose Districts (water, stormwater, conserva[on)

10. Special Purpose Funds (Eugene, OR-‐ Watershed Investment Fund)

11. Voluntary Offsets (carbon, in stream water rights, stormwater)


Poten[al Funding Mechanisms for Nisqually

1. Watershed Protec[on Fee (collected by water u[lity)

2. Watershed Stewardship Fee (levied upon entrance to Mt. Rainier Na[onal Park and Nisqually Na[onal Wildlife Refuge)

3. Watershed Investment District (WID)

4. Per parcel tax assessment or “flush” tax (flat rate or based on value: i.e. 70,000 x $30 = $2,100,000)

5. Voluntary Offset Fund (for water use, stormwater or biodiversity-‐poten[ally in conjunc[on with large ins[tu[onal players in the basin-‐Joint Base Lewis-‐McChord, Tacoma Power, others)


1. Watershed Protec[on Fee (Driven by water u[lity)


2. Watershed Stewardship Fee (Collected upon entrance to Mt. Rainier Na[onal Park

and Nisqually Na[onal Wildlife Refuge)


3. Watershed Investment District (WID)


4. Special assessments (tax) Per parcel: (i.e. $30 x 70,000 =

$2,100,000); flush tax


5. Voluntary Offset Fund Model: Voluntary Carbon Offsets used for biodiversity, stormwater or water-‐use offsets (opportunity to engage across the watershed including with large ins[tu[onal players in the basin such as Joint Base Lewis-‐ McChord, Tacoma Power and others)


Stakeholder Engagement

Evalua[on/Ra[ng Criteria of the FM:

•  Equity/fairness •  Adequacy to generate sufficient revenue

•  Poli[cal feasibility •  Meets outreach and educa[onal goals

•  Can be implemented ager one year


Thank You

[email protected]

[email protected]

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Nisqually Funding Mechanisms Workshop Part 2

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