Putting a Price on Nature

The crew last week was in Sausalito, California to interview one of Jim Blackburn’s mentors, Adam Davis, co-founder and Managing Partner at Environmental Investment Partners. More than 35 years ago,  Adam devised a business plan that would align economic development and environmental restoration.
EIP develops mitigation bank solutions for businesses who needed to offset unavoidable, permitted impacts to wetlands, streams and habitat areas. Governmental agencies, like the Corp. of Engineers, issue credits to EIP which are then offered for purchase by project developers to satisfy their mitigation compliance.
These monies are used to undertake sustainable environment restorations, such as restoring coastal marshes or coastal prairies. Jim and Elizabeth Winston Jones sought Adam's Advice about early ideas for both the Lone Star Coastal Alliance and the Texas Coastal Exchange.