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Monday, March 31, 2014

Rissman et al. on Conservation Easements and Climate Change

Adena Rissman (Wisconsin), Jessica Owley (Buffalo), Barton Thompson (Stanford), and Rebecca Shaw (Environmental Defense Fund) have posted Adapting Conservation Easements to Climate Change (Conservation Letters) on SSRN.  Here's the abstract:

Perpetual conservation easements (CEs) are popular for restricting development and land use, but their fixed terms create challenges for adaptation to climate change. The increasing pace of environmental and social change demands adaptive conservation instruments. To examine the adaptive potential of CEs, we surveyed 269 CEs and interviewed 73 conservation organization employees. While only 2% of CEs mentioned climate change, the majority of employees were concerned about climate change impacts. CEs share the fixed-boundary limits typical of protected areas with additional adaptation constraints due to permanent, partial property rights. CEs often have multiple, potentially conflicting purposes that protect against termination but complicate decisions about principled, conservation-oriented adaptation. Monitoring is critical for shaping adaptive responses, but only 35% of CEs allowed organizations to conduct ecological monitoring. Additionally, CEs provided few requirements or incentives for active stewardship of private lands. We found four primary options for changing land use restrictions: CE amendment, management plan revisions, approval of changes through discretionary consent, and updating laws or policies codified in the CE. Conservation organizations, funders, and the IRS should promote processes for principled adaptation in CE terms, provide more active stewardship of CE lands, and consider alternatives to the CE tool. 

http://lawprofessors.typepad.com/property/2014/03/rissman-et-al-on-conservation-easements-and-climate-change.html

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