[Paul Cereghino]

Hi Ryan, would love to have a conversation. Probably not until March :-). I am mostly professionally involved in “involuntary conservation markets”. I do quantification using Habitat Equivalency Analysis, have been involved in negotiating settlements around quantification of NRDA and ESA. I am familiar with wetland markets, and emerging markets in other services, like nutrients, temperature, stream flow. and have been involved in lots of conversations around defining instruments, assurances, monitoring, and verification, including long-term stewardship. We certainly have experiences on the involuntary compliance side that inform how market actors will respond to the opportunity to self deal and seek profit.