Ecosystem Marketplace, Marketplace eNewsletter. Vol. 1, No. 2, February 2, 2005

Vol. 1, No. 5: March 29, 2005    

From the Editors

Since we launched the Ecosystem Marketplace in October of 2004 we've brought you original features on water quality markets around Lake Tahoe and 'ecosystem farming' in South Africa. We've covered the case for including carbon sinks in climate change regulation, and the case against including carbon sinks. We've provided in-depth features on the financial value of blue orchard bees and their role in pollination and on emerging markets for protection and restoration of streams. And our library now contains over 500 individually selected items related to environmental markets.

Less than a week from today, on March 31, we're taking the Ecosystem Marketplace to the next level. At a major launch event at ABN Amro headquarters in London, the Marketwatch section of the website will kick off coverage of transactions in fourteen different markets around the world. These markets range from Australia to Costa Rica, and from California to the EU, but all of them are based on the rapidly growing recognition that environmental results have clear financial value. We've known for a long time what it was worth to cut trees down; now we're going to have a look at what it's worth to keep them standing.

While we're excited about these new price signals for conservation and restoration, we recognize that we're in the very early stages. The information we've gathered from these markets is necessarily incomplete, and all of the evidence on the environmental results is not yet in. Still, it's clear that these schemes designed to make conservation and environmental performances profitable are moving beyond anecdotal examples into global significance. We hope you'll write to let us know of additional examples or transactions we haven't yet covered, and that you find the Marketwatch a useful aid to your thinking on these important issues.

- Adam Davis, Editor-in-Chief
- Ricardo Bayon, Managing Editor
- Michael Jenkins, Publisher


TABLE OF CONTENTS
 
»  NEWS: EU-ETS: Price of carbon surges; to hit European energy bills
 
»  NEWS: MPs Chastise Blair on Climate Change
 
»  NEWS: Philippines looking to tap into carbon markets
 
»  NEWS: EU leaders abandon planned 2050 emissions targets
 
»  NEWS: Philadelphia Corps Announces New Wetland Mitigation Guidance
 
 
»  NEWS: SEC allows global warming shareholder resolutions at Exxon Mobil
 
»  NEWS: Experts: Holistic plan needed to save Chesapeake Bay
 
»  FEATURE: Pooling Carbon Risk... and Benefits: Natsource Creates Carbon Credit Pool
 
»  FEATURE: What Makes Energy Green? And Can it be Traded?: Renewable Energy and RECs
 
 
»  FEATURE: Mitigation Banking: The Problem with Potholes
 
»  FEATURE: Grown Up and Going for a New Look: Coverage Markets Turn 18 in Lake Tahoe
 
»  EDITORIAL: Beyond "Markets": Why terminology matters
 
»  PROFILE: Innovative Barrister Turns Carbon Trader: A profile of James Cameron
 
           

News

 
 
 
 
 
 
 
 

Features

by Amanda Hawn
Just two weeks after Kyoto was put into force, Natsource Asset Management Corp. (NAM Corp), a subsidiary of New York based Natsource LLC, announced the world's first private sector mechanism for managing European Union Emissions Trading Scheme (EU ETS) and Kyoto Protocol (KP) Greenhouse Gas (GHG) compliance requirements. A month on, The Ecosystem Marketplace looks at what makes the mechanism unique and considers, more generally, the significance of private-sector players in the newly-minted global carbon market.
 
by Virginia Gewin
As oil prices rise, climate warnings pile-up, and fears over energy security mount, many are looking harder than ever at the future of renewable energy. But how can governments best encourage the use of "green" energy? The Ecosystem Marketplace takes a look at what is being done in this regard around the world, focusing specifically on tradable renewable energy credits; a market some believe will one day become a bustling -- and possibly even global -- environmental market.
 
by Jeremy Smerd
With the 8th National Mitigation and Conservation Banking Conference around the corner next month, the future of mitigation banking in the United States has never looked more promising. But supply and demand, say some of the industry's pioneers, can still be fickle masters when it comes to mitigation banking in the arid west. The Ecosystem Marketplace takes a look at the challenges facing mitigation banks in the Denver area and considers the potential for overcoming them in the year ahead.
 
by Amanda Hawn
Cap-and-trade may be a novel idea in some circles, but it is an old-hat notion in the basin of Lake Tahoe, US. In 1987, the Tahoe Regional Planning Agency (TRPA) designed a series of tradable land rights in order to create flexibility for landowners and developers seeking to comply with the basin's strict environmental regulations. Two decades later, scientists, landowners and urban planners are taking a second look at these now mature markets and asking themselves how Tahoe's tradable rights might evolve into even more useful planning tools in the decades ahead.
 
by Sven Wunder, CIFOR and Maria Teresa Vargas, Fundacion Natura, Bolivia
What is in a name? Does a rose by any other name truly smell as sweet? Aware that terms such as "markets" and "payments for ecosystem services" have encountered resistance in some parts of the world, the Ecosystem Marketplace asked two practitioners based in Latin America to explore how the concept of "markets/payments for ecosystem services" is being perceived in developing countries.
 
by Melissa Gronlund
James Cameron has long been one of the most important players in the field of international environmental law, combining innovative thinking in the conference room with hard work on the frontlines. In the last two decades, he has turned his attention to the issue of climate change -- proving that environmental stewardship is not only possible, but also profitable on a global scale. The Ecosystem Marketplace takes a look at Cameron's career to date and finds out where this barrister gone businessman is headed next.
 

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UPCOMING EVENTS
- 04/11/2005 - 04/15/2005 CLIMATE CHANGE; Science, Impacts and Responses  

- 04/18/2005 - 04/21/2005 8th National Mitigation & Conservation Banking Conference  

- 04/18/2005 - 04/20/2005 California Climate Action Registry - 3rd Annual Conference  
 
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