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    Implementing the Texas Coastal Exchange

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    Author
    Blackburn, Jim; Parks, Megan; Mooiweer, Henk; Zapp, Sam; Keat, Andrew; More... Jones, Elizabeth Winston Less...
    Date
    2017
    Description
    The unfettered development of Houston's flood-prone areas undoubtedly magnified the tremendous damage caused by Hurricane Harvey, but zoning or other land use controls are unpopular on the Texas coast and are unlikely to be adopted as a result. With this in mind, the SSPEED Center at Rice University looked to innovation and the market system to find a creative solution to protect important natural, flood-prone areas from further development while generating income for landowners. The authors propose the establishment of a Texas Coastal Exchange (TCX) — a trading clearinghouse where willing buyers and sellers enter into transactions involving the sale of ecological services. For instance, native prairies and wetlands still exist in the western and northwestern portions of Harris County. Such areas have an amazing natural capacity to absorb rainwater and store it in the soil. An eco-market-based approach could pay landowners to raise a “crop” of stored water. The authors identify additional sources of income for landowners that could survive flooding, from traditional (cattle grazing) to untraditional (sequestration of atmospheric carbon dioxide in soil), and lay out a plan for implementing the TCX.
    Citation
    Blackburn, Jim, Parks, Megan, Mooiweer, Henk, et al.. "Implementing the Texas Coastal Exchange." (2017) James A. Baker III Institute for Public Policy of Rice University: https://www.bakerinstitute.org/research/implementing-texas-coastal-exchange/.
    Type
    Working paper
    Publisher
    James A. Baker III Institute for Public Policy of Rice University
    Citable link to this page
    https://hdl.handle.net/1911/98854
    Rights
    This material may be quoted or reproduced without prior permission, provided appropriate credit is given to the author and Rice Universityメs Baker Institute for Public Policy.
    Link to related resources
    https://www.bakerinstitute.org/research/implementing-texas-coastal-exchange/
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    Home | FAQ | Contact Us | Privacy Notice | Accessibility Statement
    Managed by the Digital Scholarship Services at Fondren Library, Rice University
    Physical Address: 6100 Main Street, Houston, Texas 77005
    Mailing Address: MS-44, P.O.BOX 1892, Houston, Texas 77251-1892
    Site Map