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An analysis of stream mitigation banking and the challenges of implementing marketbased approaches to environmental conservation.Marketbased approaches to environmental conservation have been increasingly prevalent since the early 1990s. The goal of these markets is to reduce environmental harm not by preventing it, but by pricing it. A housing development on land threaded with streams, for example, can divert them into underground pipes if the developer pays to restore streams elsewhere. But does this increasingly common approach actually improve environmental wellbeing? In Streams of Revenue, Rebecca Lave and Martin Doyle answer this question by analyzing the history, implementation, and environmental outcomes of one of these markets: stream mitigation banking.In stream mitigation banking, an entrepreneur speculatively restores a stream, generating stream credits that can be purchased by a developer to fulfill regulatory requirements of the Clean Water Act. Tracing mitigation banking from conceptual beginnings to implementation, the authors find that in practice it is very difficult to establish equivalence between the ecosystems harmed and those that are restored, and to cope with the many sources of uncertainty that make positive restoration outcomes unlikely. Lave and Doyle argue that marketbased approaches have failed to deliver on conservation goals and call for a radical reconfiguration of the process.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
I picked this book up hoping to learn more about how ecosystems can be revived. It’s filled with thought-provoking ideas and real-world examples. Great for anyone interested in environmental science or economics!
M
Marcus Liu
Insightful Read on Restoration Economy
I picked this book up hoping to learn more about how ecosystems can be revived. It’s filled with thought-provoking ideas and real-world examples. Great for anyone interested in environmental science or economics!
M
Marcus Liu
Insightful Read on Restoration Economy
I picked this book up hoping to learn more about how ecosystems can be revived. It’s filled with thought-provoking ideas and real-world examples. Great for anyone interested in environmental science or economics!
A
Anya Ivanova
Disappointed by the Quality
When I received my copy, it had a dented cover and some pages were wrinkled. The content might be great, but I wish it had been packaged better. Not a great experience for a first-time buyer.
A
Anya Ivanova
Disappointed by the Quality
When I received my copy, it had a dented cover and some pages were wrinkled. The content might be great, but I wish it had been packaged better. Not a great experience for a first-time buyer.
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