Financing ecosystem restoration.

The global community has outlined ambitious ecosystem restoration targets. Yet implementation is slow, and a lack of funding is a key barrier to upscaling restoration activities. Most restoration projects are funded by public institutions and recent high-level initiatives have emphasised the need to scale private finance in restoration. Private finance can be channelled into restoration through various financial mechanisms but is held back by a lack of return-making investment opportunities. Various institutions have now been created to commodify previously non-market ecosystem services and make them investable, most prominently voluntary carbon markets and biodiversity compliance market-like mechanisms, such as biodiversity-offsetting systems targeting the achievement of 'no net loss' of biodiversity for a given regulated sector. However, attracting private finance into restoration comes with risks, as private finance objectives in restoration often are misaligned with wider social and ecological objectives. Private finance mechanisms to date have tended to underinvest in monitoring and impact evaluation mechanisms and to favour investments in cost-effective nature-based solutions such as plantation monocultures over naturally regenerated ecosystems. Many technological and institutional solutions have been proposed, but these cannot mitigate all risks. Therefore, scaling of ecosystem restoration through market-like mechanisms requires substantial fundamental investments in governance and civil society oversight to ensure that ecological integrity and social equity is safeguarded. Here, we outline the high-level policy landscape driving restoration finance and explore the roles and potential of both public and private investment in restoration. We explain how some common mechanisms for drawing private investment into restoration work in practice. Then, we discuss some of the shortcomings of past private finance initiatives for ecosystem restoration and highlight essential lessons for how to safeguard the ecological and social outcomes of private investments in ecosystem restoration.

Hold big business to task on ecosystem restoration.

Corporate reporting must embrace holistic, scientific principles.

Is it best to add native shrubs to a coastal sage scrub restoration project as seeds or as seedlings?

Ecological restoration frequently involves the addition of native plants, but the effectiveness (in terms of plant growth, plant survival, and cost) of using seeds versus container plants has not been studied in many plant communities. It is also not known if plant success would vary by species or based on functional traits. To answer these questions, we added several shrub species to a coastal sage scrub restoration site as seeds or as seedlings in a randomized block design. We measured percent cover, density, species richness, size, survival, and costs. Over the two years of the study, shrubs added to the site as seeds grew more and continued to have greater density than plants added from containers. Seeded plots also had greater native species richness than planted plots. However, shrubs from containers had higher survival rates, and percent cover was comparable between the planted and seeded treatments. Responses varied by species depending on functional traits, with deep-rooted evergreen species establishing better from container plants. Our cost analysis showed that it is more expensive to use container plants than seed, with most of the costs attributed to labor and supplies needed to grow plants. Our measurements of shrub density, survival, species richness, and growth in two years in our experimental plots lead us to conclude that coastal sage scrub restoration with seeds is optimal for increasing density and species richness with limited funds, yet the addition of some species from container plants may be necessary if key species are desired as part of the project objectives.

A meta-analysis of the ecological and economic outcomes of mangrove restoration.

Mangrove restoration has become a popular strategy to ensure the critical functions and economic benefits of this ecosystem. This study conducts a meta-analysis of the peer-reviewed literature on the outcomes of mangrove restoration. On aggregate, restored mangroves provide higher ecosystem functions than unvegetated tidal flats but lower than natural mangrove stands (respectively RR' = 0.43, 95%CIs = 0.23 to 0.63; RR' = -0.21, 95%CIs = -0.34 to -0.08), while they perform on par with naturally-regenerated mangroves and degraded mangroves. However, restoration outcomes vary widely between functions and comparative bases, and are mediated by factors such as restoration age, species, and restoration method. Furthermore, mangrove restoration offers positive benefit-cost ratios ranging from 10.50 to 6.83 under variable discount rates (-2% to 8%), suggesting that mangrove restoration is a cost-effective form of ecosystem management. Overall, the results suggest that mangrove restoration has substantial potential to contribute to multiple policy objectives related to biodiversity conservation, climate change mitigation and sustainable development.

Coral growth, survivorship and return-on-effort within nurseries at high-value sites on the Great Barrier Reef.

Coral reefs are deteriorating worldwide prompting reef managers and stakeholders to increasingly explore new management tools. Following back-to-back bleaching in 2016/2017, multi-taxa coral nurseries were established in 2018 for the first time on the Great Barrier Reef (GBR) to aid reef maintenance and restoration at a "high-value" location-Opal Reef-frequented by the tourism industry. Various coral species (n = 11) were propagated within shallow water (ca. 4-7m) platforms installed across two sites characterised by differing environmental exposure-one adjacent to a deep-water channel (Blue Lagoon) and one that was relatively sheltered (RayBan). Growth rates of coral fragments placed onto nurseries were highly variable across taxa but generally higher at Blue Lagoon (2.1-10.8 cm2 month-1 over 12 months) compared to RayBan (0.6-6.6 cm2 month-1 over 9 months). Growth at Blue Lagoon was largely independent of season, except for Acropora tenuis and Acropora hyacinthus, where growth rates were 15-20% higher for December 2018-July 2019 ("warm season") compared to August-December 2018 ("cool season"). Survivorship across all 2,536 nursery fragments was ca. 80-100%, with some species exhibiting higher survivorship at Blue Lagoon (Acropora loripes, Porites cylindrica) and others at RayBan (A. hyacinthus, Montipora hispida). Parallel measurements of growth and survivorship were used to determine relative return-on-effort (RRE) scores as an integrated metric of "success" accounting for life history trade-offs, complementing the mutually exclusive assessment of growth or survivorship. RRE scores within sites (across species) were largely driven by growth, whereas RRE scores between sites were largely driven by survivorship. The initial nursery phase of coral propagation therefore appears useful to supplement coral material naturally available for stewardship of frequently visited Great Barrier Reef tourism (high-value) sites, but further assessment is needed to evaluate how well the growth rates and survival for nursery grown corals translate once material is outplanted.

Maximizing US nitrate removal through wetland protection and restoration.

Growing populations and agricultural intensification have led to raised riverine nitrogen (N) loads, widespread oxygen depletion in coastal zones (coastal hypoxia)1 and increases in the incidence of algal blooms.Although recent work has suggested that individual wetlands have the potential to improve water quality2-9, little is known about the current magnitude of wetland N removal at the landscape scale. Here we use National Wetland Inventory data and 5-kilometre grid-scale estimates of N inputs and outputs to demonstrate that current N removal by US wetlands (about 860 ± 160 kilotonnes of nitrogen per year) is limited by a spatial disconnect between high-density wetland areas and N hotspots. Our model simulations suggest that a spatially targeted increase in US wetland area by 10 per cent (5.1 million hectares) would double wetland N removal. This increase would provide an estimated 54 per cent decrease in N loading in nitrate-affected watersheds such as the Mississippi River Basin. The costs of this increase in area would be approximately 3.3 billion US dollars annually across the USA-nearly twice the cost of wetland restoration on non-agricultural, undeveloped land-but would provide approximately 40 times more N removal. These results suggest that water quality improvements, as well as other types of ecosystem services such as flood control and fish and wildlife habitat, should be considered when creating policy regarding wetland restoration and protection.

Global priority areas for ecosystem restoration.

Extensive ecosystem restoration is increasingly seen as being central to conserving biodiversity1 and stabilizing the climate of the Earth2. Although ambitious national and global targets have been set, global priority areas that account for spatial variation in benefits and costs have yet to be identified. Here we develop and apply a multicriteria optimization approach that identifies priority areas for restoration across all terrestrial biomes, and estimates their benefits and costs. We find that restoring 15% of converted lands in priority areas could avoid 60% of expected extinctions while sequestering 299 gigatonnes of CO2-30% of the total CO2 increase in the atmosphere since the Industrial Revolution. The inclusion of several biomes is key to achieving multiple benefits. Cost effectiveness can increase up to 13-fold when spatial allocation is optimized using our multicriteria approach, which highlights the importance of spatial planning. Our results confirm the vast potential contributions of restoration to addressing global challenges, while underscoring the necessity of pursuing these goals synergistically.

The hidden land use cost of upscaling cover crops.

Cover cropping is considered a cornerstone practice in sustainable agriculture; however, little attention has been paid to the cover crop production supply chain. In this Perspective, we estimate land use requirements to supply the United States maize production area with cover crop seed, finding that across 18 cover crops, on average 3.8% (median 2.0%) of current production area would be required, with the popular cover crops rye and hairy vetch requiring as much as 4.5% and 11.9%, respectively. The latter land requirement is comparable to the annual amount of maize grain lost to disease in the U.S. We highlight avenues for reducing these high land use costs.

Cost-benefit analysis of rehabilitating old landfills: A case of Beiyangqiao landfill, Wuhan, China.

A comprehensive approach for evaluating the feasibility of landfill rehabilitation should be developed to allow landfill owners to thoroughly examine the feasibility of a landfill soil remediation project in advance. With a view of contributing to the development of a common framework for the evaluation of landfill rehabilitation projects, this paper presents the results of a case study in which the issue of assessing the costs and benefits of rehabilitating the Beiyangqiao simple landfill is addressed. Based on the results of a survey, the cost-benefit assessment criteria and candidate remediation methods were selected. The alternatives included are, in-situ landfill closure; in-situ aerobic stabilization combined with in-situ screening and classification of recovered materials, transport for off-site disposal; and ectopic mining combined with recycling and incineration. Results show that the costs of landfill rehabilitation would range from 11.23 to 32.02 million United States dollars (USD). The key benefits would be land reclamation, heat, or electricity generation by incineration, and recycling of waste materials. The total benefits would range in value from 59.62 to 61.47 million USD. The net present value of the three scenarios would be positive and would range from 8.6 to 10.02 million USD. The results suggest that all three scenarios were positive. Nevertheless, "in-situ aerobic stabilization, in-situ screening, transportation, and off-site disposal" was most beneficial considering all parameters.Implications: This study applied a cost-benefit analysis model for assessing the economic feasibility of landfill rehabilitation, which is important to promoting landfill rehabilitation, and the market potential was assessed based on an actual project. The findings can be useful for providing landfill owners choices in a landfill rehabilitation project to achieve least quantified costs and overhead.

Study on the Livelihood Vulnerability and Compensation Standard of Employees in Relocation Enterprises: A Case of Chemical Enterprises in the Yangtze River Basin.

The relocation of chemical enterprises along the Yangtze River a necessary means of ecological protection in the Yangtze River Basin. Vulnerability assessment provides a new idea for the study of livelihood ability and compensation standard of employees after relocation. Based on the framework of "Exposure-Sensitivity-Adaptability" proposed by the Intergovernmental Panel on Climate Change (IPCC) and the survey data of 410 employees of relocation enterprises in the Hubei Province of the Yangtze River Basin, this study firstly constructs a livelihood vulnerability evaluation index system and evaluation model, and analyzes whether the employees of relocation enterprises have the ability to cope with the risk impact brought by the Yangtze River Ecological Restoration policy. Then, we use multiple linear regression model to explore the relationship between the group's exposure, sensitivity, adaptability and livelihood vulnerability. Finally, we design a new compensation standard calculation method for special groups from the perspective of social cost, to alleviate their livelihood vulnerability and provide a theoretical basis and decision support for the government and enterprises to formulate and implement relevant resettlement standards. The results show that: (1) employees of all ages show a certain degree of vulnerability in their livelihood; (2) there are differences in livelihood vulnerability between male and female employees; (3) compared with other positions, the livelihood vulnerability of producers is relatively high, and the vulnerability index is unevenly distributed and internally differentiated; (4) a low family burden ratio, high education, convenient living conditions and complex social network can effectively reduce the vulnerability of employees' livelihood; (5) the key obstacle factors affecting the sustainable livelihood of families are living convenience, adaptability to relocation, policy understanding, children's burden ratio, education, and annual income per capita; (6) the alternative opportunity cost method can be used as the basis to determine the compensation standard of the relocated employees, which can better reflect the compensation effect of the opportunity cost in the existing definition of international compensation mechanisms and realize the leap from concept to action.

A Comprehensive Evaluation of Carbon Emission Reduction Capability in the Yangtze River Economic Belt.

The Yangtze River Economic Belt (YREB) is an essential part of China's goal of reducing its national carbon emissions. Focusing on economic and social development, the development of science and technology, carbon sinks, energy consumption, and carbon emissions, this paper uses "the Technique for Order of Preference by Similarity to Ideal Solution mode" (TOPSIS) and "an obstacle factor diagnosis method" to measure the reduction capacity of each province and municipality of the YREB. Key obstacles to achieving the goal of carbon emission reduction are also identified. The main finding is that the emission reduction capacities of Shanghai, Jiangsu and Zhejiang in China's east is far greater than that of all other provinces and municipalities, the main obstacle of Shanghai, Jiangsu, and Zhejiang are carbon sinks, energy consumption and carbon emission, and other provinces and municipalities are social and economic development. Taking into consideration those evaluation results and obstacles, paths for carbon emission reduction are delineated through a four-quadrant matrix method with intent to provide suitable references for the development of a low-carbon economy in the YREB.

The Contribution of Economic Science to Brownfield Redevelopment: A Review.

Urban planners increasingly perceive Brownfield redevelopment (BFR) as a strategic priority. BFR not only allows suppressing some of the nuisances caused by derelict and contaminated lands, it also contributes to revitalizing dense urban areas and preventing the undesired effects of urban sprawl. This literature review analyzes how economists have contributed to removing some of the barriers that prevent or restrict BFR. A first contribution was to demonstrate the economic benefits of BFR. Economists also contributed to the development of multidisciplinary decision support tools used to rank BFR projects in terms of long-term sustainability and social welfare. They contributed to the design of institutional arrangements, including regulatory and economic instruments, that can facilitate the engagement of stakeholders in BFR projects. Our literature search combines the use of a standard and a systematic literature review to identify relevant papers scattered in very diverse publications. We show that there is significant scope for better integration of economic analysis within the multidisciplinary mainstream of BFR literature and provide pathways for future research. Integr Environ Assess Manag 2020;16:184-196. © 2019 SETAC.

Application of economic plant for remediation of cadmium contaminated soils: Three mulberry (Moms alba L.) varieties cultivated in two polluted fields.

In order to study the role of mulberry (Moms alba L) as an economic crop for remediation of cadmium (Cd) contaminated soil, the transport of Cd from mulberry to silkworm were investigated. Three varieties of mulberry (Yuesang-11, Nongsang-14, and Qiangsang-1) with three planting densities were cultivated in two heavy metal-contaminated fields named Dongkou in Shaoyang city and Linxiang in Yueyang city in Hunan province respectively. The both field soils were contaminated by heavy metals, especially by Cd. The potential risks of heavy metals in Linxiang's soil were higher than those in Dongkou's because of higher concentrations of Cd. Since the promotion of Cd concentrations in aerial parts (stem, branch and leaf) resulted from the increase of planting density, the method of high planting density is beneficial to improve the efficiency of the remediation of Cd contaminated soil. The percentages of average Cd contents of mulberry in Dongkou accounted for 44%, 20%, 18% and 16% in roots, stems, branches and leaves respectively, while the Cd contents were 38%, 27%, 19% and 16% distributed in roots, stems, branches and leaves respectively. Mulberry leaves from contaminated soils was applied in food source of silkworms in this study. Although there is Cd uptake occurred in silkworm growth and its products (cocoons and chrysalis), Cd contents in cocoons are lower than the national standard (100 µg*kg-1) for textile industry of China. Therefore, mulberry can be regarded as an economical crop to control soil contamination with Cd.

Costs and Benefits of Delaying Remediation on Ecological Resources at Contaminated Sites.

The USA and other nations have massive industrial, radiologic, and chemical legacy wastes on numerous sites, for example from the Cold War and industrial activities. Most of these sites will require remediation (cleanup of contaminants). Prioritization is essential to determine the order of cleanup, leaving some tasks for a later time. This paper examines the potential costs and benefits of delaying remediation on ecological resources on contaminated sites. Aspects to consider include those related to management and planning, source term and pathways, risks and resources, and external drivers (regulations and laws, stakeholders). The US Department of Energy was used as a case study to examine the effects of delaying remediation. The conceptual model and tables provided here can serve as guidance or checklists for site managers.

Economic losses or environmental gains? Framing effects on public support for environmental management.

Environmental managers face major challenges related to project implementation and communicating the significance of those projects to the public. Effective communication can mitigate public opposition or increase support for specific projects and increase public and political support for environmental management more generally. In this study, we evaluate which types of benefits or losses environmental managers should communicate and how to frame those attributes to achieve greater public support. To do so, we field a survey experiment that presents the benefits of an invasive species management project, utilizing a two (economic, ecological) by two (gain, loss) factorial design as well as a control message. Ecological messages lead to significantly more support for invasive species management than economic messages, and loss frames are more effective than gain frames. We also find that treatment responses differ across several covariates including political ideology and environmentalism. These results indicate that the public is more concerned with managing invasive species for intrinsic environmental worth than economic benefit and that preventing further environmental degradation is more motivating than promoting additional environmental gains.