Disturbance, degradation, and recovery: forest dynamics and climate change mitigation
Forest Mitigation Banking - Marylanddnr.maryland.gov/met/Documents/Forest-Mitigation-Banking.pdf ·...
Transcript of Forest Mitigation Banking - Marylanddnr.maryland.gov/met/Documents/Forest-Mitigation-Banking.pdf ·...
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Forest Mitigation Banking Addressing the barriers to entry
Craig Highfield Director of Chesapeake Forests [email protected]
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Chesapeake Forests
1.Outreach and Education
2.Forest Restoration
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Investing in the Chesapeake Bay’s Conservation Marketplace
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1991
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Forest mitigation options • On site • Off site • Fee in lieu • Credit from a established Forest Bank
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Forest mitigation options • On site • Off site • Fee in lieu • Credit from a established Forest Bank
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Carroll County Forest Conservation Ordinance • On site • Off site • Fee in lieu • Afforestation only • Credit from a established Forest Bank
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Maryland Agriculture Resource Based Industry Development Corporation
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•High upfront costs to establish forest credits.
• Lack of reliable and easy-to-understand resources on the local forest banking programs.
• Insufficient number of services providers in the region available to guide interested landowners through the process.
•Risk of no economic return.
Perceived Landowner Barriers to Entry
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Sustainable Conservation Investment Fund:
An impact investment Approach for Chesapeake Farms and Forests
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www.forestsforthebay.org
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• Virginia Nutrient Trading Program • Maryland Forest Conservation Banking programs • Maryland Critical Areas Banking Program • Maryland Nutrient Trading Program*
Ecosystem Markets
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Thank you