Enviropreneurship and land conservation.
by Michael H. Higuera
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
The authors explore the history of eminent domain in the United Statesâ€”a history characterized by periodic public backlash.
One fellow at PERC's 2011 Enviropreneur Institute explored ways to create incentives for oil companies to work with conservation organizations like TNC to plan their projects to avoid sensitive areas and minimize impacts.