Washington, DC, USA Hunton & Williams, 1900 K Street NW, 12th Floor
Ecosystem Marketplace Releases ‘State of the Biodiversity Markets’ Report
Biodiversity markets are developing rapidly around the globe, from Europe to South Africa to Brazil, in addition to the established markets in the United States and Australia. As more and more governments and companies consider this as a tool for biodiversity footprint management, it is increasingly important to understand what is happening where, and how it works. To address this compelling need for more and better information about biodiversity markets, the Ecosystem Marketplace (EM) has written the first-of-its-kind “State of the Biodiversity Markets” report. The report will be distributed free of charge via the EM website and its network of readers.
This report focuses on the spectrum of biodiversity markets that are designed to reduce development impacts to biodiversity, ranging from rigorous and measurable biodiversity offsets to less direct efforts to compensate for impacts through financial contributions and land protection. Our research finds 39 existing compensatory mitigation programs around the world, ranging from programs with active mitigation banking of biodiversity credits to programs channeling development impact fees to policies that drive one-off offsets. There are another 25 programs in various stages of development or investigation. Within each active offset program, there are numerous individual offset sites, including over 600 mitigation banks worldwide. The global annual market size is $1.8-$2.9 billion at a minimum, and likely much more, as 80% of existing programs are not transparent enough to estimate their market size. And the conservation impact of this market includes at least 86,000 hectares of land under some sort of conservation management or permanent legal protection per year.
The reliable, consistent and transparent information provided in this annual report will enable both experienced and new market participants to make more informed decisions and learn from the experience of others; ultimately allowing fair, stable and transparent conservation markets to develop.
About Ecosystem Marketplace Ecosystem Marketplace is dedicated to providing information on markets and payment schemes for ecosystem services. The Ecosystem Marketplace believes that by providing reliable information on costs, regulation, science, and other market-relevant factors, markets for ecosystem services will one day become a fundamental part of our economic system, helping give value to environmental services that, for too long, have been taken for granted. Ecosystem Marketplace is a project of Forest Trends, a non-profit organization that works to create and capture market values for ecosystem services.
Sponsors This report is public and freely available due to the financial contributions from Ecosystem Marketplace Donors: the United Nations Development Program and the Global Environment Facility; as well as our Premium Sponsors: Commission for Environmental Cooperation, New Forests; and Sponsors: USDA Forest Service, Markit, Grantham Foundation, eftec, and the Nature Conservancy.
Contact Becca Madsen Biodiversity Program Manager, Ecosystem Marketplace firstname.lastname@example.org 202.446.1976
Event Details Please join us for the debut of the ‘State of the Biodiversity Markets’ report at our DC launch event on March 9th, 2010. We will be showcasing highlights from the report and presenting the perspective of a panel involved in biodiversity markets, with a reception following. Thank you to Hunton & Williams, LLP for hosting the event.
March 9th, 2010, 4:30-7:30PM 1900 K Street NW, 12th Floor, Washington, DC