Investing in Nature: Case Studies of Land Conservation in Collaboration with Business
By William Ginn
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About this ebook
In 2004, U.S. consumers spent $5.2 billion purchasing bottled water while the government only invested 5 percent of that amount to purchase critical watersheds, parks, and wildlife refuges-systems vital to clean water and healthy environments. How can we reverse the direction of such powerful economic forces?
A group of dedicated business-people-turned-environmental-entrepreneurs is pioneering a new set of tools for land conservation deals and other market-based strategies. These pragmatic visionaries have already used these methods to protect millions of acres of land and to transform the practices of entire industries. They are transforming the very nature of conservation by making it profitable.
Drawing on his vast experience in both business and land conservation at The Nature Conservancy (TNC), William Ginn offers a practical guide to these innovative methods and a road map to the most effective way to implement them. From conservation investment banking, to emerging markets for nature's goods and services, to new tax incentives that encourage companies to do the "right" thing, Ginn goes beyond the theories to present real-world applications and strategies. And, just as importantly, he looks at the lessons learned from what has not worked, including his own failed efforts in Papua New Guinea and TNC's controversial compatible development approach in Virginia. In an era of dwindling public resources and scarce charitable dollars, these tools reveal a new, and perhaps the only, pathway to achieving biodiversity goals and protecting our lands.
Conservation professionals, students of land conservation, and entrepreneurs interested in green business will find Ginn's tales of high-finance deals involving vast tracts of pristine land both informative and exciting. More than just talk, Investing in Nature will teach you how to think big about land conservation.
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Investing in Nature - William Ginn
chance.
Introduction
The Scale of Nature
Perhaps it is time for the conservation movement to leave the comfort of our past successes and direct our formidable resources toward new solutions, new ways of thinking about our work. Nothing is harder to do because it means making new arguments and new friends.
—Peter Forbes et al., Coming to Land in a Troubled World
For a flowering plant, the furbish lousewort is rather unremarkable, barely a foot tall with small anemic, yellow flowers. As an inhabitant of the gravel bars and ice-tossed shorelines of northern New England’s rivers, however, the lousewort loomed large in the debate over the construction of the Dickey Lincoln Dam on Maine’s rugged and remote St. John River back in the early 1970s. On one hand, proponents of the dam pointed to its inconsequential stature as an example of all that was wrong with the Endangered Species Act. On the other, opponents celebrated its existence as part of the diverse fabric of a great river system. Ultimately the dam project failed, in part because of the controversy over the impact on this small plant. Even now, thirty years later, the precedents set by the lousewort are at the heart of our policy toward endangered species.
Protecting the lousewort from the floodwaters of the Dickey Lincoln Dam was only the beginning of the conservation story of the St. John River. Two decades later, The Nature Conservancy (TNC) surprised industry and government officials by purchasing nearly two hundred thousand acres of the headwaters of the St. John from International Paper for the then astonishing sum of $36 million. No one had ever attempted to raise such a large amount from private sources for conservation, but as Kent Wommack, the Executive Director of TNC’s Maine Field Office, tells the story, "When we got the news that TNC had the opportunity to buy the property, we looked around the table and thought to ourselves, how could we possibly do this? But as we thought more about it we realized that the real question was, how could we possibly not do it."
e9781597267670_i0003.jpgFigure I.1
Furbish’s lousewort Pedicularis furbishiae.
e9781597267670_i0004.jpgFigure I.2
St. John River, Maine.
A series of subsequent land trades, easements, and purchases over the last five years have boosted protection to over 150 miles of shoreline and over six hundred thousand acres. Because of its breathtaking size, the St. John River project is legendary in conservation circles, and it has become the standard against which many other landscape scale conservation projects are measured.
Despite these Herculean efforts and over $50 million of conservation investment, assuring the long-term ecological viability of the furbish lousewort remains elusive at best. The St. John is an unusual river as North American rivers go, in that it flows almost due north toward the Canadian border. This northward track means that spring comes earlier to the southern headwaters of the river. As melt water builds northward, it often encounters frozen ice that results in massive ice jams and flooding that scour river banks and gravel bars clean of large vegetation. It’s this ecology that makes it possible for the lousewort to survive against competition from raspberries, alders, and spruce trees. In a world where by all accounts we are headed toward a warmer climate—perhaps by as much as five to eight degrees—will the reduction in ice continue to favor the conditions that support the lousewort? Recent modeling from the U.S. Forest Service suggests that New England forests will be profoundly changed in a warmer world. In the next century the line of spruce and fir trees linked so closely with the image of Maine will be pushed back north of the Canadian border in most places. The St. John River may be the last bastion of this forest type in the United States.
Addressing broad scale threats to ecological systems like climate change will be extraordinarily challenging for conservation because the problem requires new skills and competencies beyond simple land acquisition. We will be required to think about people, their role in the landscape, and the systems that hold us together as communities: governments, commerce, business, and the essential cultural and human values that control so much of how we use resources.
For conservationists the message is clear. Working at nature’s scale is essential. Putting fences around small patches of land will not save the lousewort. Protecting six hundred thousand acres may not save the lousewort. Even moderating overwhelming changes in our climate will not prevent the catalog of extinction from growing. Only by being successful at all of these scales will the lousewort, and the millions of other species of plants, insects, and animals—from the charismatic right whales to the lowly ants—be truly protected.
The great challenge to working at the scale of nature is that a competing system is operating at the same global scale. Its power is challenging the fabric of our natural systems. The nearly irresistible forces of business and commerce increasingly dominate culture, politics, and even our natural environment. Unless we are prepared to confront the direction of the global economy, our conservation efforts will fail.
Since 2000, over 3.1 million new houses have been built in the United States.¹ The decline in forestland in the last fifteen years to make way for this and other development has been alarming. North Carolina has lost over 1 million acres of forest to clearing and conversion to development and even in rural Maine nearly 200,000 acres were developed in the period.² And in the year 2002, the U.S. economic engine generated $11 trillion worth of goods and services alone.³ At the base of the American and every other world economy is the use of nature’s resources—land, timber, soil, water. In a world with a population headed from over 5 billion to at least 9 billion, the pressure on our natural systems will grow even