David BatkerExecutive Director

An Economic Approach to Natural Resources and

Open Space5.16.13

Bay Area Open Space Council

501(c)3 founded in 1998

Earth Economics

Open space is a valuable, essential economic asset.

Hills above Uvas Rervoir, Santa Clara County

Photo Copyright: Peninsula Open Space

The Forest of Nisene Marks State Park, Santa Cruz County

Photo Copyright: Advocates of Nisene Marks and the Nisene Marks Trail Crew

Butano Redwoods State Park, San Mateo County

Photo Copyright: Michael Macor

Former mercury mine site, Alameda County

Photo Copyright: Jane Huber

Rockville Trails, Region/District, Solano County

Photo Copyright: Jorge Fleige

Point Pinole Regional Shoreline, East Bay Regional Park District, Contra Costa County

Photo Copyright: Annie Burke

All rights reserved by Annie on Arch

Blithedale Summit Open Space Preserve, Marin County

Photo Copyright: Derek Wilson

Mt. St. Helena, Robert Louis Stevenson State Park Napa County

Photo Copyright: John A. Vlahides

Sugarloaf Ridge State Park, Sonoma County

Photo Copyright: Ted Judah, Sugarloaf Ridge State Park

1913

Breaker Boys

History San Jose

Sonoma County Library

Microeconomics

Macroeconomics

Eartheconomics

GoalsMeasures

Policies/ToolsFunding Mechanisms

Outcomes

Built Capital Social Capital Human Capital Natural Capital

Four Types of Capital

Every economy is contained within a

watershed

Loss of Natural Capital

Figure 1. Track of Hurricane Katrina, August 23-29, 2005, showing spatial extent and storm intensity along its path (source: NOAA)

$200 Billion

Open space is essential to a prosperous and

sustainable economy.

2013

FEMA adopts ecosystem service valuation

Ecosystem Services

Goods

Food

Water Supply

Medicine

Fiber

Fuel

Minerals

Carbon

ServicesFlood Risk Reduction

Gas & Climate Stability

Water Quality

Fire Risk Reduction

Soil Erosion Control

Sediment Transport

Natural Pest and Disease Control

Soil Formation

Water Flow and Temperature Regulation

Supporting Functions

Pollination

Biodiversity and Habitat

Nutrient Cycling

Net Primary Production

Cultural Functions

Aesthetic

Recreation

Cultural Values

Spiritual & historic

Science & education

Presentation Executive Office of the

President

SC3

Provisioning Assets

Beneficiaries

Impairments

Funding Mechanisms

Applications

Accounting

Benefit-Cost Analysis

Monetary Value of Natural Capital Benefits

Rate of return on investment

Budget/Funding Mechanisms

Open space an essential economic asset.

Thank You

dbatker@eartheconomics.org

Backup Slides

Watershed InvestmentDistrict

Benefit/Cost Analysis

Rate of Return on Investment

Environmental Impact Assessment

Economic Returns on Conservation

Jobs Analysis

…for the greatest good, of the greatest number, for the longest time

History

Tolt River Levee Setback

Provisioning Assets

Beneficiaries

Impairments

Accounting for Natural Capital

Seattle Public Utilities

Seattle Public Utilities

…for the greatest good, of the greatest number, for the longest time

Elimination of Polio

Identify ValueModel and Map

Analyze Fund

What ecosystem services are important to our economy and quality of life?

Identify ValueModel and Map

Analyze Fund

What are these ecosystem services worth to our economy (in dollars)?

Identify ValueModel and Map

Analyze Fund

Where are on the landscape are these ecosystem services provisioned, who is benefiting from them and what are their

impairments?

Identify ValueModel and Map

Analyze Fund

What are our goals? What local and regional policies are supportive of our goals? Where

is there redundancy? What opportunities exist?

Identify ValueModel and Map

Analyze Fund

What are our investment options?

Steps 1-5

Bay area presentation:GM and EDs of orgs. 50/50

Public funding: 80%Soln at Scale of problem

Bay area presentation:GM and EDs of orgs. 50/50

Public funding: 80%Soln at Scale of problem

Meeting with AnnieNatural cap. Increases

ES (buzz word) intrensic, butrfly don’t need montiz, workSFPUC example and accounting changes: Tim

Ground waterFEMA and flooding

ACE total investment in the Bay AreaWhat can people do??

Contribute to our work…Tangible next stepsFunding at the scale of the problem, how much do we

need. Annie message: open space Council: bringing

the value of working together. Maps, funding glue between agencies, FSPUC, park dist, land trusts, commonalities, conf (intangibles) social capital

collaborative culture. Working groups. Bay Area and careAnnie to provide: 1.map of bay area protected lands. 10

2. conservation lands map, essential for biodiversity3. photos of open lands, people,

WE support all the grantees.

Santa Clara County Photos, some of these will be

Substituted out for slides from the other 9 counties

Pajoro River Corridore TNC

Burrowing Owl

Rancho Canada Vista