Wetland mitigation banking: Negotiations with stakeholders in a zone of ecological-economic viability
Type | Article | ||||||||||||
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Date | 2017-12 | ||||||||||||
Language | English | ||||||||||||
Author(s) | Vaissiere Anne-Charlotte1, 2, Levrel Harold3, Pioch Sylvain4 | ||||||||||||
Affiliation(s) | 1 : Univ Paris Saclay, Univ Paris Sud, CNRS, AgroParisTech,Ecol Systemat Evolut, F-91400 Orsay, France. 2 : Univ Brest, AMURE, IFREMER, ZI Pointe Diable,CNRS,IUEN, CS 10070, F-29280 Plouzane, France. 3 : Univ Paris Saclay, Ecole Pours ParisTech, EHESS, CIRED,AgroParisTech,CIRAD,CNRS, Campus Jardin Trop,45 Bis,Ave Belle Gabrielle, F-94736 Nogent Sur Marne, France. 4 : Univ Montpellier, Univ Paul Valery Montpellier 3, CEFE, CNRS,EPHE, Route Mende, F-34199 Montpellier 5, France. |
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Source | Land Use Policy (0264-8377) (Elsevier Sci Ltd), 2017-12 , Vol. 69 , P. 512-518 | ||||||||||||
DOI | 10.1016/j.landusepol.2017.09.049 | ||||||||||||
WOS© Times Cited | 12 | ||||||||||||
Keyword(s) | Wetland offsetting, Wetland mitigation banking, Asset specificity, Environmental uncertainty, Stakeholders' strategy, Ecological-economic viability | ||||||||||||
Abstract | Wetland mitigation banking (WMB) is an organizational form that attempts to balance the ecological goals of wetland conservation and the economic goals of development with the aim of improving the implementation of wetland offsetting. Given the resulting tension, it is important to understand how the way stakeholders employ the WMB regulatory framework affects the goal of No Net Loss of wetlands. In this study, we interviewed WMB stakeholders in Florida in the United States to identify their strategies during negotiations around different aspects of defining wetland mitigation credits (e.g. service areas, types of credit and credit release schedules). Using the approach of New Institutional Economics, we found that within a framework of well-defined rules that nonetheless allow flexibility, WMB enables a field of action for negotiating within a zone of ecological-economic viability – in part due to the stakeholders’ interest in maintaining a good reputation in this field. Outside of this zone of viability a wetland mitigation bank proposal collapses for economic or ecological reasons. |
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