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EAM’s past technology and pilot market development initiatives comprised a comprehensive plan to link ecosystem service quantification and market intelligence. Three intellectual property assets Real Estate Asset and Liability Map (REALmap). EcoAsset Evaluation System (EAES), and EcoAsset Income Information System (EAIIS) provided the foundation for the technology development.
REALmap is a fundamental visualization and information tool a necessary basis for understanding the possibilities of property-linked ecosystem services. EAES provides a systematic assessment of the complex interaction of ecosystem services linking ecosystem service quantification to property specific integrated ecological understanding. EAIIS proposes an industry of ecosystem service market intelligence parallel to the healthcare intelligence company IMS Health, the financial market intelligence company FactSet Data Research, or the economic impact modeling firm REMI.
- REALmap is a proprietary Geographic Information System (GIS) initially developed to deliver environmental, ecological, geographic, and demographic information on urban development, utilities, environmental hazards, air qualities, wetlands, vegetation, water qualities, flood zones, soil qualities and public services in one easily understood application. It is a geographic information, data management and analytic system encompassing real estate, environmental, ecological, geographic, and demographic data pertinent to the ecoassets and ecosystem services of any given property. The initial version of REALmap has been successfully applied as a decision-support tool in a variety of applications including: property acquisition, residential and commercial development, conservation planning, regional land use planning, and property appraisal.
- The EcoAsset Evaluation System (EAES) is a prototype integrated model designed to identify and assess the ecosystem services of a property as well as to quantify the changes in ecoassets and ecosystem services that result from land use changes (conservation and agricultural practices, creation of buffers or wetlands, etc.). EAES is comprised of eleven interactive modules: water, wildlife habitat, terrain/soil, vegetation, air, hazards, current land use, adjacent land use, view-shed, aesthetic and off-site impacts, community planning and expectations, and biodiversity. Each module uses established analytical techniques to characterize and quantify ecoasset and ecosystem service conditions. Building off the REALmap structure and data, EAES will ultimately describe and measure a broad range of ecosystem services (existing conditions) and potential new ecosystem services (from land use and management changes) that can be provided by specific properties under different land use/management regimes.
- The EcoAsset Income Information System (EAIIS) is a prototype economic valuation model that identifies and quantifies the current and potential revenue streams that could be generated from the ecosystem services specified in the EAES. The early EAIIS was projected include an extensive database of conservation-supporting monetization opportunities (e.g., USDA conservation programs, private conservation incentive payments, current ecosystem service market prices) providing potential income to landowners. EAIIS could collect and maintain additional data on private and public ecosystem service market transactions, private and governmental conservation incentive payments, environmental impact reports as they relate to pricing ecosystem services, ecosystem service shadow price studies, conservation appraisals and transactions, forest product industry financial data, water pricing data, farm and forest land transactions, and agricultural product market and pricing data. EAIIS will incorporate analytic tools to correlate pricing indicators, provide market intelligence, and track historical trends in valuation and pricing of ecosystem services.
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