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Financing Fisheries Reform: Blended Capital Approaches in Support of Sustainable Wild-Capture Fisheries

Financing Fisheries Reform: Blended Capital Approaches in Support of Sustainable Wild-Capture Fisheries

Authors: Nicholas Institute for Environmental Policy Solutions and the Environmental Defense Fund

Many fisheries around the world are considered an economically underperforming asset—providing lower returns than they could be if more sustainably managed. This report, co-authored by researchers at the Environmental Defense Fund and the Nicholas Institute for Environmental Policy Solutions, introduces the idea of a blended capital approach to fill the all-too-common finance gap that may hamper recovery of many fisheries. The report describes the categories of investment required to attain fisheries sustainability at each stage of the recovery process, identifies where within this framework there is likely to be the biggest funding gap, and suggests possible approaches for philanthropic and public capital to leverage private capital to help fill the gap. 

China's New National Carbon Market

China's New National Carbon Market

Authors: William A. Pizer and Xiliang Zhang

On December 19, 2017, China announced the official start of its national emissions trading system (ETS) construction program. When fully implemented, this program could more than double the volume of worldwide carbon dioxide emissions covered by either tax or tradable permit policy. Many of program’s design features reflect those of China’s pilot programs but widely differ from those of emissions trading programs in the United States and Europe. For that reason, the workings of Chinese national carbon market are both intriguing and unfamiliar to those experienced with western markets. This paper explains the design of China’s new carbon market, contrasts it with western markets, and highlights possible implications. It also presents research questions raised by the design.

Journal Article

A Nationwide Analysis of U.S. Army Corps of Engineers Reservoir Performance in Meeting Operational Targets

Author(s): Lauren Patterson and Martin Doyle

The U.S. Army Corps of Engineers operates reservoirs across the United States. Most (89 percent) of the reservoirs were constructed prior to 1980, and many have experienced changes in environmental conditions such as climate and sediment yield and societal conditions such as water and energy demand. These changes may challenge the potential for reservoirs to meet their operational targets and management goals. To identify the frequency and magnitude of departures from operational targets, this analysis published in the Journal of the American Water Resources Association collected Army Corps reservoir targets and historic daily reservoir data for 233 reservoirs. This work provides a framework to identify reservoir performance in relation to management goals, a necessary step for moving toward adaptive management under changing conditions. Individual reservoir analyses are accessible through an interactive data visualization tool. Companion research by the authors on Army Corps-operated reservoirs is presented in the report, Creating Data as a Service for U.S. Army Corps of Engineers Reservoirs.

Creating Data as a Service for U.S. Army Corps of Engineers Reservoirs

Creating Data as a Service for U.S. Army Corps of Engineers Reservoirs

Authors: Lauren Patterson, Martin Doyle, and Samantha Kuzma

In the United States, our water data infrastructure does not allow us to consistently and quickly answer the most basic questions about our water system’s quantity, quality, and use. This report describes the challenges and opportunities of integrating U.S. Army Corps of Engineers 36 districts’ historic reservoir data and management operations. A companion tool to visualize data as well as the data files related to this report are available to view and download. Research by the authors to identify the frequency and magnitude of departures from operational targets of Army Corps-operated reservoirs is presented in the Journal of the American Water Resources Association

Journal Article

Benefit-Relevant Indicators: Ecosystem Services Measures That Link Ecological and Social Outcomes

Author(s): Lydia P. Olander, Robert J. Johnston, Heather Tallis, James Kagan, Lynn A. Maguire, Stephen Polasky, Dean Urban, James Boyd, Lisa Wainger, and Margaret Palmer

There is a growing movement in government, environmental NGOs, and the private sector to include ecosystem services in decision making—that is, measuring how much a change in ecological conditions affects people, social benefit, or value to society. Despite consensus around the general merit of accounting for ecosystem services, systematic guidance on what to measure and how is lacking. Current ecosystem services assessments often resort to biophysical proxies (e.g., area of wetland in a floodplain) or even disregard services that seem difficult to measure. Valuation, an important tool for assessing trade-offs and comparing outcomes, is also frequently omitted. This article in Ecological Indicators proposes the use of a new type of indicator that explicitly reflects an ecosystem’s capacity to provide benefits to society, ensuring that ecosystem services assessments measure outcomes that are demonstrably and directly relevant to human welfare. 

Understanding the Interaction between Regional Electricity Markets and State Policies

Understanding the Interaction between Regional Electricity Markets and State Policies

Author(s): Sarah K. Adair and Franz T. Litz

Regional electricity markets—operated by regional transmission organizations (RTOs)—span multiple states and bring significant benefits to the electricity grid. States policies—such as renewable or clean energy portfolio standards or procurement mandates—have always helped shape market outcomes, but increasingly they are aimed at addressing perceived market shortcomings. Recent state policy actions to support new or existing resources in RTO markets have renewed attention to issues of RTO market design, including how RTO markets and state policies interact. Those actions, a rapidly changing electricity sector, and low electricity and capacity prices have heightened the urgency of calls for changes in market designs to address perceived inequities, such as market designs that fail to value certain environmental or reliability attributes. This primer is aimed at policy makers and stakeholders who seek an understanding of regional electricity markets and the effect of state policies on those markets as well as an understanding of recent market design proposals that are designed to address the RTO-state policies interaction. 

The Future of Groundwater

The Future of Groundwater

Authors: Nicholas Institute for Environmental Policy Solutions (Lauren Patterson and Martin Doyle), Aspen Institute (David Monsma)

The Future of Groundwater summarizes the Aspen-Nicholas Water Forum discussions of May-June 2017, offering various approaches to groundwater sustainability. A partnership between The Aspen Institute Energy and Environment Program and the Nicholas Institute for Environmental Policy Solutions at Duke University, the forum focused on exploring the present condition of groundwater, the evolution of that condition, and opportunities for transitioning to more sustainable uses of groundwater resources. The consensus was that groundwater needs to be sustainably developed, meaning groundwater use must be balanced among economic development, environmental health, and quality-of-life needs in a way that allows our children and grandchildren to enjoy.

Improving our Knowledge on Small-Scale Fisheries: Data Needs and Methodologies

Improving our Knowledge on Small-Scale Fisheries: Data Needs and Methodologies

Author(s): Xavier Basurto, Nicole Franz, David Mills, John Virdin, and Lena Westlund

Small-scale fisheries play an important role in contributing to food security, nutrition, livelihoods and local and national economies. However, there is often limited data and information available on their contributions, and hence small scale fisheries tend to be overlooked and marginalized in policy processes, leading to low levels of support for the sector. This proceedings provides a summary of the presentations, discussions, conclusions and recommendations of the “Workshop on Improving our Knowledge on Small-Scale Fisheries: Data Needs and Methodologies,” held at the Food and Agriculture Organization of the United Nations headquarters in Rome, Italy, in June 2017. Through the workshop, it was determined that a comprehensive new study to illuminate the hidden contributions of small-scale fisheries to the three dimensions of sustainable development, as well as identification of key threats to these contributions was needed.

Journal Article

Fertilizer Management and Environmental Factors Drive N2O and NO3 Losses in Corn: A Meta-Analysis

Authors: Alison J. Eagle, Lydia P. Olander, Katie L. Locklier, James B. Heffernan, and Emily S. Bernhardt

Effective management of nitrogen (N) in agricultural landscapes must account for how nitrate (NO3) leaching and nitrous oxide (N2O) emissions respond to local field-scale management and to broader environmental drivers such as climate and soil. This article in the Soil Science Society of America Journal reflects assemblage of a comprehensive database of fertilizer management studies with data on N2O and NO3 losses associated with 4R fertilizer N management in North American corn-cropping systems. Meta-analysis of side-by-side comparisons found significant yield-scaled N2O emission reductions when SUPERU replaced urea or UAN, and when urea replaced anhydrous ammonia. The large effects of climate and soil, and the potential for opposite reactions to some management changes, indicate that more simultaneous measurements of N2O and NO3 losses are needed to understand their joint responses to management and environmental factors, and how these shape tradeoffs or synergies in pathways of N loss.

Report

Bridge Collaborative Practitioner’s Guide: Principles and Guidance for Cross-sector Action Planning and Evidence Evaluation

Lead Authors: Heather Tallis, Katharine Kreis, Lydia Olander, Claudia Ringler

The health, development, and environment sectors increasingly realize that they cannot achieve their respective goals by acting in isolation. Yet, as they pivot to act collectively, they face challenges in finding and interpreting evidence on sectoral interrelationships, and thus in developing effective evidence-based responses. Each sector already uses some form of evidence-based research, design, and action planning, but methods vary, and ideas about the strength of evidence differ, creating stumbling blocks in the way of cross-sector impact. A new initiative, called the Bridge Collaborative, sets out to spark cross-sector problem solving by developing common approaches that the three sectors could agree to and use. The collaborative has focused on two linked areas of practice that could unlock cross sector collaboration: results chains and evaluation of supporting evidence. This document captures a set of principles identified and used by the collaborative, along with detailed guidance for creating comparable results chains across sectors and evaluating evidence from multiple disciplines in common terms. 

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