Exploring Reinvestment from a Community-Based Watershed Perspective.

Increasingly, urban and rural communities across the U.S. are looking at ecological systems as capital assets with values that are diminishing as they are degraded. Investments are needed so they can continue to provide ecological services critical to the environmental, social, and economic well-being of the communities. This paper explores ''reinvestment'' as term encouraging the development of mechanisms for sustained and long-term investment in ''natural capital,'' as well as the other forms of capital on which communities and society depend. It raises important questions on which there are information gaps, such as the value of ecological services, the level of investment needed to restore and maintain ecological systems, the activities to which investment dollars should be allocated, and where public and private investment dollars might come from. These questions are discussed at national, regional, and local scales, focusing on water-an ecological resource with immense value that connects ecosystems and communities at many scales. The paper presents lessons and reinvestment mechanisms from studies in California's Sierra Nevada ecosystem and community-based efforts in its northernmost drainage, the Feather River watershed. [ABSTRACT FROM PUBLISHER]