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The Law And Policy Beginnings Of Ecosystem Services, J.B. Ruhl, James Salzman
The Law And Policy Beginnings Of Ecosystem Services, J.B. Ruhl, James Salzman
Vanderbilt Law School Faculty Publications
Over the past decade, there has been an explosion of interest in ecosystem services from scientists, economists, government officials, entrepreneurs, and the media. This article traces the development of the ecosystem services concept in law and policy. We prepared it in connection with a symposium held at Florida State University in April 2006. The presentations at the symposium, which then developed into the articles in a special issue of the Journal of Land Use and Environmental Law (volume 22, issue 2), approached the topic of ecosystem services and the law from two perspectives. One set of presentations focused on the …
Apples For Oranges, J.B. Ruhl, James Salzman
Apples For Oranges, J.B. Ruhl, James Salzman
Vanderbilt Law School Faculty Publications
Over the last decade, there has been a sea change in environmental law and policy, marked by growing interest in market-based instruments of environmental protection. In particular, approaches that explicitly commodify environmental impacts by creating markets for their sale are on the rise. These environmental trading markets (ETMs) now operate in a range of regulatory settings where parties exchange credits to emit air pollutants, extract natural resources, and develop habitat. In fact, every major environmental policy review in the last five years has called for even greater use of ETMs. Markets for environmental commodities represent the new wave of environmental …