From Walden to Wall Street: Frontiers of Conservation Finance

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Island Press, Sep 29, 2005 - Business & Economics - 264 pages
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"From Walden to Wall Street makes clear that a system of market-based conservation finance is vital to the future of environmental conservation." -Henry M. Paulson, Chairman and CEO, Goldman Sachs Group, Inc.; Chairman of the Board of Governors, The Nature Conservancy In the absence of innovation in the field of conservation finance, a daunting funding gap faces conservationists aiming to protect America's system of landscapes that provide sustainable resources, water, wildlife habitat, and recreational amenities. Experts estimate that the average annual funding gap will be between $1.9 billion and $7.7 billion over the next forty years. Can the conservation community come up with new methods for financing that will fill this enormous gap? Which human and financial resources will allow us to fund critical land conservation needs? From Walden to Wall Street brings together the experience of more than a dozen pioneering conservation finance practitioners to address these crucial issues. Contributors present groundbreaking ideas including mainstreaming environmental markets; government ballot measures for land conservations; convertible tax-exempt financing; and private equity markets. The creativity and insight of From Walden to Wall Street offers considerable hope that, even in this era of widespread financial constraints, the American conservation community's financial resources may potentially grow dramatically in both quantity and quality in the decades to come.
 

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Contents

Financial Innovation for Conservation An American Tradition
1
Conservation Finance Viewed as a System Tackling the Financial Challenge
22
Countours of Conservation Finance in the United States at the Turn of the Twentyfirst Century
37
State and Local Government Funding of Land Conservation What is the Full Potential?
51
External Revolving Loan Funds Expanding Interim Financing for Land Conservation
73
Employing Limited Development Strategies to Finance Land Conservation and CommunityBased Development Projects
90
Expanding the Frontiers of Conservation Finance
109
Transferable State Tax Credits as a Land Conservation Incentive
124
Mainstreaming Environmental Markets
155
The Gray and the Green The Built Infrastructure and Conservation Investment
172
Financing Private Lands Conservation and Management Through Conservation Incentives in the Farm Bill
183
Bibliography
201
About the Contributors
211
Index
221
Island Press Board of Directors
237
Copyright

Payrolls Versus Pickerels Redux A Story of Economic Revitilization and Timberland Conservation Using New Markets Tax Credits
138

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Page 1 - Though I do not believe that a plant will spring up where no seed has been, I have great faith in a seed — a, to me, equally mysterious origin for it. Convince me that you have a seed there, and I am prepared to expect wonders.
Page xxiii - The US Department Of Energy And The US Army Corps Of Engineers...
Page xiii - Programs such as the Conservation Reserve Program and the Wetlands Reserve Program encourage farmers to restore environmentally sensitive acres.

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About the author (2005)


James N. Levitt is Director of the Program on Conservation Innovation at the Harvard Forest, and research fellow at the Ash Institute for Democratic Governance and Innovation at Harvard's Kennedy School of Government.

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