2008/06 Katoomba Developing an Infrastructure Fund for the Planet Private Meeting (Chesapeake Bay, MD, USA)
MEETING OBJECTIVES
The primary goal of this private Katoomba meeting "How to Design and Implement Market Mechanisms to Improve Water Quality Throughout the Chesapeake Bay Watershed", building upon from the market-oriented themes of the public Katoomba meeting "Developing an Infrastructure Fund for the Planet" in DC, was to catalyze new thinking around the suite of market-based tools available to build a sustainable funding stream in order to achieve and maintain pollution reduction goals across the Chesapeake Bay Watershed.
Specifically, the meeting aimed to:
1. To learn about and discuss lessons learned from both compliant and voluntary market approaches to environmental quality;
2. To discuss obstacles and opportunities for applying these approaches to a robust voluntary market for water quality in the Bay watershed;
3. To draft a plan of action and next steps for implementing select market-based tools, including a Chesapeake Clean Water Fund to address water quality in the Bay watershed. The Fund will leverage private dollars to invest in high-impact
AGENDA
Workshop presentations can be found on the Katoomba Group's "Developing an Infrastructure Fund for the Planet" event webpage
Wednesday June 11
| Time | Description | |
|---|---|---|
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8:00-9:00 am |
Travel to venue | |
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9:30 – 10:00 am |
Registration | |
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10:00 – 10:10 am |
Welcome
Michael Jenkins, Forest Trends |
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10:10 - 10:30 am |
State of water quality in the Bay
A brief reality check on the history of WQ improvement efforts including dollars invested, legal authority and the need for better coordination/integration of existing regulatory mechanisms, political will, need for coordinated communication/outreach strategy across the Bay watershed, WQ standards and the need for new and sustainable funding sources and the role of private investment. Why market-based approaches in the Bay and why now? William C. Baker, Chesapeake Bay Foundation |
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10:30 – 10:50 am |
Payment for Ecosystem Services (PES) markets and market-like instruments
Utilizing the market to affect positive outcomes. Defining and categorizing market-based activities in a water context and the components that make them work (supply and demand) Ricardo Bayon, EKO Asset Management Partners |
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10:50 -11:10 am |
The state of water quality cap & trade programs
Summary of WRI’s Survey of WQ Trading Programs highlighting the activities in the Bay region (MD, VA, PA). Key issue: How to mainstream the value and cost associated with establishing market mechanisms such as a voluntary water market in the Bay? How to link market-based approaches to existing regulatory programs? Dan Nees, WRI |
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11:10 – 12:30pm |
Environmental markets
How to create demand: Lessons learned from existing market-based programs and adaptability for water markets. Discussion moderated by Beth McGee, Chesapeake Bay Foundation
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12:30 – 2:15 pm |
Working lunch Market architecture and design Standards, certification, registries, exchanges, aggregators: Components of environmental/water markets in the Chesapeake Bay. Discussion moderated by Jack Greer, Maryland Sea Grant Program
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2:30 – 4:00 |
Building a market for the Chesapeake Bay watershed
Generating private investment: New ideas for using market-based approaches to improve water quality. Discussion moderated by Meridian Institute
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4:00 – 4:45 |
Hotel check in | |
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4:45 – 7:00 |
Guided boating excursion on the Bay | |
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7:00 – 7:30 |
Reception | |
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7:30 pm |
Dinner | |
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8:30 pm |
The promise and curse of the market Discussion moderated by Ricardo Bayon
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Thursday, June 24
| Time | Description | |
|---|---|---|
|
8:00 am |
Breakfast | |
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9:00 – 9:20 |
Recap of Day 1 and setting the agenda for the day
(Ricardo Bayon & Michael Jenkins) |
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|
9:20 – 12:00 |
Moving forward in the Bay
The morning will be devoted to developing a road map and building consensus on how to move forward with implementing select market-based tools for improving water quality in Chesapeake Bay. By focusing on the initiatives outlined on Day 1, participants will explore how those initiatives can contribute to improved water quality in the Bay watershed and how they relate to one another. Small group activityParticipants will be assigned to one of five small groups that will address one of the initiatives listed below. The task for each group will be to develop a business plan for a fully functioning market-based scheme focused on improving water quality across the Bay. Each group will be asked to prepare a five minute sales pitch for their proposal, as if pitching the idea to venture capital (VC) investors. Each group will select a spokesperson to make the pitch to the entire group in the afternoon. (Ricardo Bayon to give an overview and example of a VC pitch.) Menu of Initiatives:
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12:00 – 1: 00 pm |
Lunch | |
1:00 – 2:00 pm |
Small groups present proposal
Spokesperson for each small group will deliver five minute sales pitch to entire group followed by brief Q &A. Facilitated by Laura Cantral, Meridian Institute |
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2:00 – 2:30 pm |
Break | |
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2:30 – 4:30 |
Large group discussion of proposals
Participants will discuss the results small group proposals to identify potential opportunities and obstacles they offer. Intended outcome of the discussion is to develop a road map, action plans and next steps for moving toward implementation of market-based mechanisms for improving water quality in the Chesapeake Bay watershed. The Forum on Water Markets will be highlighted as a platform for sharing ideas and staying in touch. Facilitated by Laura Cantral, Meridian Institute |
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4:30 – 5:00 pm |
Wrap up and adjourn |
Partners involved in producing this event included:
