Providing economic incentives for conservation of natural resources

Description

Providing economic incentives for conservation of natural resources involves implementing financial rewards, subsidies, tax breaks, or market-based mechanisms to encourage individuals, communities, and businesses to adopt sustainable practices. This strategy directly addresses overexploitation and degradation by making conservation economically attractive, compensating for potential income loss, and promoting long-term stewardship. By aligning economic interests with environmental goals, it remedies unsustainable resource use and fosters investment in preservation, restoration, and responsible management of natural assets.