Market Mechanisms for Wetland Conservation
About Dr. Smita Brunnermeier
Dr. Brunnermeier is an environmental economist who builds micro-econometric models to analyze the policy causes and consequences of interactions between human or corporate behavior and environmental services. She has taught courses on environmental and natural resource economics and sustainable development at the Department of Economics and at the Woodrow Wilson School of Public Policy at Princeton since 1999. She received her PhD in Economics from Vanderbilt University in 1998.
About the Presentation
This project examines the application of market based instruments for the conservation of ecosystem services provided by wetlands. Detailed geographic, economic and demographic data is used to conduct a spatial evaluation of the successes and failures of wetland mitigation banking in the St. John’s Water Management District of Florida. Wetland values are a function of both the biophysical characteristics of the site, and of the landscape context. The former depends on ecology and hydrology at the site. The latter depends on availability of local substitutes and complements, and the economic and social characteristics of the population who beneﬁt from the site.