The forests of North America represent enormous natural bounty. Yet, in the United States at least, the benefits of this wealth of nature are not being fully realized. Taxpayers lose money on their public forests, and the forests face severe ecological threats.
Environmental entrepreneurs should have a business plan just as any other entrepreneur, but for my business- school students this is a revelation.
Although the forests of British Columbia, Canada, are 96 percent government-owned, the management of the forests is far more market-driven than in the U.S. Forest Service, according to a new report by PERC, the Property and Environment Research Center.
Building the university of free market environmentalism will require a combination of business acumen and environmental passion.
The backlash from the Supreme Court's Kelo decision could relax land-use regulation around the country. And well it should.