A Creative Approach To Resolving NRDA Liabilities - NSRP
A Creative Approach To Resolving NRDA Liabilities - NSRP
A Creative Approach To Resolving NRDA Liabilities - NSRP
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A <strong>Creative</strong> <strong>Approach</strong> to <strong>Resolving</strong> <strong>NRDA</strong><strong>Liabilities</strong>K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Marriage Proposal – <strong>NRDA</strong> and Mitigation Banking‣ Audience Familiarity with the Concept‣ Good fit Benefits‣ Administrative ChallengesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
What is Mitigation Banking?‣ Baseball is a simple game…• You Throw It• You Hit It• You Catch It‣ Mitigation is a simple thing…• You Impact It• You Quantify It• You Replace It‣ Banking Builds the Mitigation StadiumsK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Natural Resource Damage Assessments (<strong>NRDA</strong>)‣ Find It- Understand It- Fix It‣ Mitigate impacts to Natural Resources from Oil andHazardous Substance releases‣ Partly derived from the same “Public Good” principlefound in the Clean Water Act- Trustee ConceptK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
<strong>NRDA</strong> Banking and the <strong>NSRP</strong> SIP‣ OBJECTIVE- Merging Mitigation Banking with meeting<strong>NRDA</strong> liabilities‣ DELIVERABLE- A Powerfully Cost-Effective, ProactiveSolution for OPA Compliance‣ VALUE TO THE NAVY AND INDUSTRY- Significant Costand Time Savings and Return on Investment‣ PLATFORMS SERVED- Whole Yard Operations BenefitK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Types of Mitigation Banks‣ Categories of Commercialized CompensatoryReplacement• Wetlands• Streams• Water Quality• Endangered Species/Wildlife• Natural Resource Damage Assessment• CarbonK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Regulatory Environment‣ Specific Regulatory Market Drivers• Wetlands/Streams- CWA, 1995 Corps Guidance, 2002RGLs, State Rules , 2008 New Compensatory MitigationRule Watershed <strong>Approach</strong>• OPA- The Oil Pollution Act of 1990• Endangered Species / Wildlife- ESA, CCWP, 2004 <strong>NRDA</strong>• Water Quality- TMDLs/NPDES, Watershed <strong>Approach</strong>• Carbon- Volunteer and pending Cap & Trade‣ General Directives and Databases• Lowering Air and Water limits• WRDA, CWRA, FHWA, Tax Incentives for Banks• Regional Internet Bank Information Tracking System(RIBITS)- in 30 0f 38 Corps Dist. By 2010K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
May 10, 2010 Forecast Position for Oil SlickK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
What is Natural Resource Damage Assessment?‣ Federal Laws to protect the Public Good. TheOil Pollution Act of 1990 is no exception• Highlights the initial response activities needed tocontain and clean up oil and protect ecologicalfunctions from effects of oil• Authorizes the use of natural resource damageassessments (<strong>NRDA</strong>) to assess residual injuriesresulting from the incident• A major goal of <strong>NRDA</strong> is to make the environmentand the public whole for injury or loss of resourceservices• The goal is achieved through returning resourceservices to pre-incident condition.K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
What is Natural Resource Damage Assessment?‣ 1996 NOAA regulations and guidancedocuments provide a stepwise approach• PRE-ASSESSMENT- Determine jurisdiction.Determine need to Conduct Restoration Planning• RESTORATION AND PLANNING PHASE- InjuryAssessment (determine and quantify injury),quantify injury. Links Assessment and Implementation• RESTORATION SELECTION- Develop range ofalternatives, scale alternatives, select preferred,develop plan• IMPLMENTATION- Fund and Build Project(s)K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Protective and Restorative Components of NRD‣ Initial Response to Contain and Clean Up Oil‣ Collateral Damage of Operations‣ Restorative Actions (Pre- or Post- Incident)K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Protective and Restorative Components of NRD‣ Initial Response to Contain and Clean Up Oil‣ Collateral Damage of Operations‣ Restorative Actions (Pre- or Post- Incident)K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Protective and Restorative Components of NRD‣ Initial Response to Contain and Clean Up Oil‣ Collateral Damage of Operations‣ Restorative Actions (Pre- or Post- Incident)K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Natural Resource Damage Assessments (<strong>NRDA</strong>)‣ Some NRD Enforcement Concepts that lendthemselves well to banking:• Acquisition of Equivalent Restoration• Compensatory Restoration• Scaling of Actions• Rate of Recovery• Discounted Ecological Service-Acre Years (DSAYs)provide a powerful and profitable “currency’ for <strong>NRDA</strong>banking.K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
<strong>NRDA</strong> Banking Opportunities and Drivers‣ Bundling the compensation for many small spills fitsthe economy of scale benefit of bank sites‣ Ongoing Discussions in Several Locations:• Ex. Washington State Habitat EquivalencyAssessment Model (HEA)‣ Market-Based <strong>Approach</strong>es are on the Rise‣ YIMBY- Yes, In My Back Yard!‣ Competition for Restoration SitesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
<strong>NRDA</strong> Banking Challenges‣ Credit and Currency Exchanges‣ Agency aversion to profit versus punity‣ Consensus among stakeholdersK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Specific Business Benefits to <strong>NSRP</strong> from Banking‣ Convert <strong>Liabilities</strong> into Assets‣ Assists with balancing market segments‣ Uses market forces to select the mostprobable success option‣ Multi-Yard Cooperative ImplementationOptionsK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Mechanical CleanupK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Sea Turtle Crawl to Possible Nesting LocationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Hatching Season (June-October)Hatchling LoggerheadK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Sea Turtle Eggs Relocated to AtlanticK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Least Tern Nesting SeasonPhoto by Dave MacriK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Beach Health Warnings- Okaloosa CountyK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Mobile Command Center-Resource Advisors Functionality‣Protecting both Natural and Cultural Resources‣Assisting Federal READs‣Training Night-Time Wildlife Observers‣Imbedded in Operations‣Working with Shoreline Cleanup and AssessmentTechnology (SCAT) Teams‣Connected to the Command Center‣Objective: Reduce <strong>NRDA</strong> <strong>Liabilities</strong> fromCollateral DamagesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Sector Louisiana- Bird RecoveryK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Dune Restoration in Progress near Destin, FLK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Mobile Command Center- TrackingOperations and SCAT maps updated each 24-hr Op. CycleK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Reg. Env.-(Closer Look at The Big Two)‣ 2008 Mitigation Banking Rule• Creates strong preference for a first look at using mitigationbanks to satisfy compensatory liabilities• Sets a high standard for quality in the industry to promotehigh performance and promotes innovation in partnering andfinancing• Equalizes the playing field with permittee-responsiblemitigation and In Lieu Fee programs‣ Water Resource Development Act• Requires a “First Look” at Mitigation Banks for any projectfunded by WRDA• Covers U.S. Army Corps of Engineer Projects for Navigation,Flood-Hurricane-Storm Reduction, Shoreline Protection,and Environmental RestorationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
The Triad of a Successful Mitigation BankPositiveAdministrativeAtmosphereStrongBusinessPro FormaFavorableTechnicalSite ConditionsK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Services O’Brien & Gere Can Provide‣ Planning & Pro Formas -Determining client need andmarket potential‣ Site Screening & Selection-Regional and watershedanalysis to locate feasiblesites‣ Design - Conceptual Plansand Buildable details‣ Construction - Oversight andfield adjustments‣ Monitoring & Mngmt. -Adaptive Management‣ DBOOM model can applySurveying Cross-Sections andLongitudinal ProfilesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Benefits of Banking – NEPA Perspective‣ Social - Compatible Naturaland Urban Land Planning‣ Ecological - More stable andvaluable landscape ecology‣ Economic - Efficient naturaland built environmentmanagementSurveying Cross-Sections andLongitudinal ProfilesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Benefits of Banking – Client Perspective‣ Planning - Multiple benefit fordevelopment dollars‣ Permitting - fiduciary controlof permitting costs‣ Revenue - Convert site prepcosts into additional profitstreamSurveying Cross-Sections andLongitudinal ProfilesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
The Exponential Impetus for Wetland BankingK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
The Pivotal Recognition of Functional ValueValue of Wetlands RecognizedJurisdictional WetlandBoundaryK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
The Exponential Impetus for Wetland Banking‣ 25-50% of U.S. wetlands has been lost over the last250 years (4.3 to 8.6 million acres )‣ 1985 (0 banks), 2000 (200 banks), 2010 (450 banks)‣ Funding mergers now encouraged (e.g., Public-Private)‣ It all translates to opportunities for mitigationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Wetland RestorationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Wetland RestorationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Wetland RestorationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Stream RestorationK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Rosgen Designed Stream Re-EngineeringK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
The Point of Storm Water Banking andWetland Convergence‣ USCOE / USEPA whole watershed management policy• Wetland mitigation banking – regional wetland management• NPDES compliance programs – regional storm watermanagementK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Water Quality Trading‣ Primarily Nitrogen and Phosphorus‣ 25 States have WQT initiatives (e.g. NC since 2001)‣ Mississippi R. Basin, Chesapeake Bay‣ Multi-State Ohio River Basin (NY-PA-OH-WV-KY-TN-IN-IL)Source: Carter Fitzgerald Price IndexSource: http://mulch.cropsoil.uga.edu/K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Water Quality Trading Market Drivers‣ Whole Watershed-Based Regulation‣ TMDLs/ NPDES (CBA, APES)‣ POTWs/ Coal-Burning Power Companies‣ NPS Controls Coming• 55% of 303(d) Rivers• 60% of 303(d) Lakes• 70% of 303(d) Shorelines‣ More effective, efficient, flexible than traditionalcommand and control model‣ USEPA Trading PolicyK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Preserving Rare SpeciesGopher <strong>To</strong>rtoiseK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Preserving Rare SpeciesK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Preserving Rare SpeciesEastern Prairie Fringed OrchidCalifornia GnatcatcherCherokee DarterWhite-topped Pitcher PlantK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Endangered Species or Conservation Banking‣ Whole Watershed-Based Regulation Affects thisbanking type as well‣ CA, FL, GA, AL, Midwest States – Follow theBiodiversity‣ Federal Sustainable Range Initiative – 2009 Congressconsidering giving DOD broad authority forconservation banking‣ Speciesbanking.com- info clearinghouse like RIBITS,but developed on consultant side to spur the businessK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Invasive Species ControlWater HyacinthPurple LoosestrifeK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Bank Credit for Carbon SequestrationBottomland hardwoods green tree reservoirK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Carbon Offsets‣ Cap and Trade to include Carbon credits originatingfrom forests and wetlands‣ California, Lower Miss. R. basin, NW, NE‣ Many Registries (Brokers)‣ $1.5B Nationwide by 12-31-08K:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Carbon Offsets‣ Trees in the U.S. SequesterCarbon output,but…….30% of U.S. Industrial‣ Individual Project Results are hard to scale:• Ex. Transgas coal gasification(NY/LA)• 300,000 acres of cypress trees over 30 years tosequester one year’s outputK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
A Successful BankSuccessful BankAdminPositiveAdministrativeAtmosphereSuccessfulBankStrongBusinessPro FormaFavorableTechnicalSite ConditionsK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
B-A-TSuccessful BANKBankB - BusinessA - AdministrationT - TechnicalK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
Questions and Open DiscussionQuestions and Open DiscussionK:\Marketing Directory\Internal Presentations\EN-BU_Planning07/MRay/Mitigation.ppt
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