From Walden to Wall Street
6 x 9
6 x 9
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.
"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.
"Aptly combines sophisticated, real-world examples of conservation finance from some of the field's visionary practitioners with critical historical perspective. This work should be read by landowners, professional conservationists, public officials, and anyone else who cares about the future of America's rapidly changing natural lands."
Charles H. Collins, Managing Director, The Forestland Group LLC
Chapter 1. Financial Innovation for Conservation: An American Tradition
Chapter 2. Conservation Finance Viewed as a System: Tackling the Financial Challenge
Chapter 3. Contours of Conservation Finance in the United States at the Turn of the Twenty-First Century
Chapter 4. State and Local Government Funding of Land Conservation: What is the Full Potential?
Chapter 5. External Revolving Loan Funds: Expanding Interim Financing for Land Conservation
Chapter 6. Employing Limited Development Strategies to Finance Land Conservation and Community-Based Development Projects
Chapter 7. Expanding the Frontiers of Conservation Finance
Chapter 8. Transferable State Tax Credits as a Land Conservation Incentive
Chapter 9. Payrolls Versus Pickerels Redux: A Story of Economic Revitalization and Timberland Conservation Using New Markets Tax Credits
Chapter 10. Mainstream Environmental Markets
Chapter 11. The Gray and the Green: The Built Infrastructure and Conservation Investment
Chapter 12. Financing Private Lands: Conservation and Management Through Conservation Incentives in the Farm Bill
About the Contributors