Is FME Taking Root?

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by Reed Watson

This report by the World Resources Institute begins as most environmental reports do: with alarming news of man-made environmental destruction and a dire prognosis for maintaining the status quo.

The focus of this particular report is deforestation in the South and the critical importance of protecting "Intact Forest Landscapes" from suburban development.

Nothing new here. Suburban development has long been the bane of wilderness preservationists.

What is newsworthy is the author Logan Yonavjak's interview on NPR. In it, she discusses how paying private forest owners not to sell to developers is a cost-effective way to ensure the continued provision of wildlife habitat and  clean water. She even explains that the consumers of the environmental goods should be the ones who pay!

Advocates of Free Market Environmentalism (FME) should be pleased. There's no call for expansive regulation, zoning, or federal subsidies to solve this environmental "problem." Instead, concepts like  "economic incentives" and "entrepreneurial approaches to pay private landowners" dominate the interview.

Perhaps soon they'll dominate the environmental conversation.

Reed Watson is a research fellow and the Director of Applied Programs at PERC. He is also the Director of PERC’s Enviropreneur Institute. Watson’s expertise lies in developing and promoting market-based solutions to natural resource conflicts, particularly for water and wildlife. With Terry Anderson and Brandon Scarborough, he coauthored Tapping...
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