Ecological and Management Dimensions of Metric Production in Conservation Banking
As regulatory frameworks such as policy and implementation guidance don’t compel with the use of specific metrics, these can be designed, produced and negotiated on a case-by-case basis by the bank sponsors and the relevant State and federal agencies (through the work of the Interagency Review Team). The aim of this paper is to explore the relationship between the organization configuration of a bank certification process and the metrics being produced and implemented during this process. It is based on qualitative interviews with bank developers and members of bank review teams in several States. They show that the production of one metric is carried out through a negotiation process between those stakeholders within which not only ecological considerations but also economic and management ones can be addressed in order to ensure the outcome of the project. This reflects how the economic imperatives of the bankers are embodied in the scientific grounds of the projects on the one hand, and how the multiplication of regulatory bodies in the certification process can lead to the use of a simplified metric in order to limit coordination hindrances on the other hand.