Economics allows us to quantify the benefits nature provides people and make clear the interdependence of people and nature. In doing so, it can help us discover and create market-based solutions to conservation problems. There are myriad ways we can deploy economics: to create markets, to improve markets, to influence markets and to understand the limits of markets.
By combining economics, conservation science, and the new data streams and communication pathways enabled by technology, we can develop key insights for changing “business as usual” and develop incentives and structures that support large-scale change.
Just as the Conservancy helped create a market for private land protection through conservation easements and the acquisition of other property interests, the organization is now poised to leverage market-based approaches to solve more complex conservation problems.
Grace C. Wu, Emily Leslie, Douglas Allen, Oluwafemi Sawyerr, D. Richard Cameron, Erica Brand, Brian Cohen, Marcela Ochoa, Arne Olson
California has ambitious climate and energy policies that call for the development of significant amounts of new zero-carbon energy by midcentury. The Power of Place study looks at multiple pathways to meet California's clean energy demand in alignment with decarbonization goals while limiting the impacts…
Sarah Heard, E.J. Remson, Matthew Fienup, Siobhan King
In 2014, California passed the Sustainable Groundwater Management Act (SGMA) which regulates groundwater at scale for the first time, requiring the state’s largest source of stored water to be managed for long-term resilience. SGMA delegates the responsibility of achieving sustainable groundwater management by 2040 to…
David C. Marvin, Dick Cameron, Erik Nelson, Andrew Plantinga, Justin Breck, Gokce Sencan, Michelle Passero
Ecosystems can increase carbon storage under alternative management techniques and land use patterns. But the magnitude, timing, and spatial heterogeneity is uncertain. Assessing the potential and cost of land management and conservation activities to reduce emissions or increase carbon sequestration is needed to help the…
Rodd Kelsey, Abby Hart, H. Scott Butterfield, Dan Vink
Restoring habitat in retired farmland could reduce water demand and provide ecosystem services for farmers and local communities. In some areas of California, as a result of the Sustainable Groundwater Management Act (SGMA), it is likely that large amounts of agricultural land will need to…
Sarah Heard, E.J. Remson, Siobhan King, Sandi Matsumoto
The Conservancy has a vested interest in preserving farms in Ventura County because they buffer important river and wetland habitat from nearby urban lands. In western Ventura County, over 70% of groundwater use is agricultural. Due to requirements of the Sustainable Groundwater Management Act (SGMA), this use will…
Justine E. Hausheer, Mark D. Reynolds, Greg Golet
Mark D. Reynolds, Brian L. Sullivan, Eric Hallstein, Sandra Matsumoto, Steve Kelling, Matthew Merrifield, Daniel Fink, Alison Johnston, Wesley M. Hochachka, Nicholas E. Bruns, Matthew E. Reiter, Sam Veloz, Catherine Hickey, Nathan Elliott, Leslie Martin, John W. Fitzpatrick, Paul Spraycar, Gregory H. Golet, Christopher McColl, Scott A. Morrison
What if instead of buying habitat, conservationists could rent it when and where nature needs it most? The Conservancy is using predictive models of shorebird movements, data from the citizen science program eBird, and NASA satellite wetland habitat data to create a habitat marketplace of…
Sarah Heard, Siobhan King, Eric Hallstein
California’s water supply is becoming increasingly unreliable. During dry times, consumptive use often outstrips supplies. As a result, people and nature suffer. This imbalance of supply and demand will likely grow worse if future demand for agricultural and urban water increases alongside a warming climate.…
Daniel Ovando, Dawn Dougherty, Jono R. Wilson
No-take marine reserves are a management intervention that can provide long-term fishery benefits. But, impacts of reserve implementation can negatively affect fishermen profits in the short term. This study examines how to overcome the losses in profit associated with implementing reserves. The authors found that creative…
The Nature Conservancy: Erica Brand, Laura Crane, Dick Cameron, Energy and Environmental Economics: Grace C. Wu, Nick Schlag
Integrating ecological data into long-term energy planning is critical to meet both California’s long term energy and conservation goals. This report assesses the potential trade-offs associated with renewable energy build-out by evaluating the land and water use implications and cost of a range of potential…
Eric Hallstein, Matt Miller
Kate Labrum, Dwayne Oberhoff
In 2011, the west coast groundfish fishery transitioned into a catch share fishery, or Individual Fishing Quota management system. Under this type of management system, the annual total allowable catch is divided into shares, or quota, and allocated to individual fishermen. This report describes a…
Golet G.H., M.D. Roberts , E.W. Larsen, R.A. Luster, R. Unger, G. Werner, G.G. White.
River restoration projects have the potential to influence many of the services that rivers provide to people, yet rarely is this studied in a comprehensive manner. This paper reports on a set of coordinated studies that were conducted to evaluate the effects of alternative restoration…
