Invest in Things that matter Get what you pay for Confirm it over time

1. Invest in Things that matter Get what you pay for Confirm it over time David Primozich Executive Director

2. What’s the Partnership working for? • Strategic investment in things that matter • A fair and transparent way for people to buy and sell the benefits of restoration • Rules and tools that make restoring things that matter a practical business decision for private land managers

4. Grey Infrastructure Cooling Towers Green Infrastructure Restore 35 miles of streams • Compliance Achieved • Cost - A lot Compliance Achieved Cost - A lot less Ecological Value Not Much Ecological Value HUGE

6. Ecosystem Credit Accounting Project Purpose • A way for farmers and foresters to get paid to restore the things ecosystems need • Predictable and standardized process for permitting, buying, and selling credits • More income choices for famers and foresters • Tools for to make the system accessible

7. Status: Version 1.0 Crediting Protocols

8. Project Scope Version 1 credit types • Wetland (functional acre) • Salmonid habitat (functional linear foot) • Upland prairie habitat (functional acre) • Water quality: Temperature (kcal/day) Near-term priorities • Water quality: Nitrogen, Phosphorus, Sediment • Water quantity: Flow • Carbon • Generalized rare habitat

9. Validate Calculate Verify Register Track Seller Feasibility & Eligibility

10. Validate Calculate Verify Register Track Defining Eligibility • Is it what the ecosystem needs? • Is it additional to what is required? • Can the project meet minimum quality standards? • Can appropriate permits be acquired? • Is requisite land protection in place or possible?

11. Site Planning and Baseline Assessment

12. Validate Calculate Verify Register Track Calculate Baseline

13. Baseline Ledger

14. Validate Calculate Verify Register Track Calculate Baseline Project Change

15. Field Guide Sample

16. Field Guide Sample

17. Metric Guidance Sample

18. Functional Scores to Tradable Currencies

19. Validate Calculate Verify Register Track Multipliers, Discounts, and Reserves • Goal of Multipliers and Discounting Factors: • Seller Incentives: • Restore/Conserve priority areas • Buyer Incentives: • Avoid impacts to the best places • Purchase credits from fully functional sites • Populate a Reserve Pool of credits to cover uncertainty

20. Validate Calculate Verify Register Track Reserves • Buyers Reserve Contributions • Need to buy more if: • impact occurs in a priority area • impact occurs before mitigation • Sellers Reserve Contributions • Need to hold back less if: • Restoration occurs in a priority area

21. Functional Scores to Tradable Currencies

22. Validate Calculate Verify Register Track Verification • Office Audit: review of documents, calculations, permits and land protections. • Field: review map unit boundaries, spot check data sheets. • Agency Certification

23. Registry Overall Purpose: To track the custody of Ecosystem Service Credits over time

28. Validate Calculate Verify Register Track Area 1 Credit Quantity Wetlands 4.0 Area 4 Credit Quantity Wetlands 1.44 (-0.72) Salmonids 622 (Sell 311) Temperature 2,598,664 (-1,299,332) Area 4 Credit Quantity Wetlands 1.44 Salmonids 622 Temperature 2,598,664 Area 2 Credit Quantity Wetlands 3.0 Area 3 Credit Quantity Wetland (Buffer) .40

29. What Now New Currencies • Nutrients • Habitat Metric Training • Project Planning and Calculation • Credit Process • Verifiers Certification Program

30. What Now New Places • Can multi-credit markets work elsewhere? • Where and under what are the conditions? • Can the process we’ve developed make it easier?

31. Questions David Primozich primozich@willamettepartnership.org