Office of Environmental Markets

Stored: Office of Environmental Markets

Office of Environmental Markets Type: Government Parent organization: Office of Energy and Environmental Policy Top organization: Department of Agriculture Employees: Executive: William Hohenstein, Director of Office of Energy and Environmental Policy (oversees OEM) Budget: Not publicly specified (part of USDA budget) Address: 1400 Independence Ave SW, Washington, DC 20250 Website: https://www.usda.gov/topics/natural-resources-and-environment/environmental-markets Creation Legislation: [[Food, Conservation, and Energy Act of 2008]] Wikipedia: Office of Environmental Markets

Office of Environmental Markets [{"name":"Office of Environmental Markets","title":"\u003Ca class=\"mw-selflink selflink\"\u003EOffice of Environmental Markets\u003C\/a\u003E","lat":38.8977,"lon":-77.0365,"otherValues":{"HeadquartersAddress":"1400 Independence Ave SW, Washington, DC 20250"}}] This map created from a Cargo query ()

Mission The Office of Environmental Markets facilitates the development of environmental markets to incentivize conservation practices among farmers, ranchers, and forest landowners. OEM's mission is to enhance the environmental benefits of land management through market-based approaches.

Services Market Development; Technical Assistance; Research Support

Regulations

Office of Environmental Markets (OEM) operates within the USDA to support the creation and growth of markets for environmental services like carbon sequestration, water quality, and habitat conservation. By fostering these markets, OEM aims to provide economic incentives for conservation practices on private lands.

Official Site

Mission

The mission of the Office of Environmental Markets is to increase the participation of America's agricultural and forestry sectors in environmental markets. OEM works to develop tools and resources that enable landowners to quantify, register, and verify environmental benefits, thereby encouraging sustainable land use practices through market incentives.

Parent organization

OEM is housed within the Office of Energy and Environmental Policy (OEEP), which is part of the United States Department of Agriculture (USDA). OEEP focuses on energy development, environmental policy, and climate change activities.

Legislation

OEM was established under the Food, Conservation, and Energy Act of 2008, which directed USDA to facilitate landowner participation in environmental markets.

Partners

• Natural Resources Conservation Service (NRCS)
• Economic Research Service (ERS)
• Forest Service
• Various state agencies and non-profit organizations

Number of employees

The number of employees specifically for OEM is not publicly detailed as they are part of the broader OEEP staff.

Organization structure

OEM operates within OEEP, focusing on:

• Market Analysis and Development, which researches and supports market creation.
• Technical Assistance, providing tools and methodologies for environmental service quantification.

List of programs

• Support for NRCS Conservation Innovation Grants
• Development of the Nutrient Tracking Tool (NTT)
• Research and publication on market economics and environmental benefits

Last total enacted budget

The budget for OEM is not itemized separately but is part of the USDA's overarching budget.

Leader

William Hohenstein serves as the Director of the Office of Energy and Environmental Policy, overseeing the Office of Environmental Markets.

Services provided

OEM provides services like technical assistance for market participation, development of market tools and models, and coordination across USDA to promote environmental markets. They work to bridge the gap between land management practices and economic benefits, helping to fund conservation through market mechanisms.

Regulations overseen

OEM does not directly oversee regulations but works within the policy framework set by USDA to advance environmental market initiatives.

Headquarters address

1400 Independence Ave SW, Washington, DC 20250

Website

https://www.usda.gov/topics/natural-resources-and-environment/environmental-markets

Wikipedia article

There is no specific Wikipedia article for the Office of Environmental Markets; however, related topics can be found under articles about USDA or environmental markets.