Using economic tools for biodiversity conservation


  • Applying economic mechanisms for the conservation of biological resources
  • Costing biodiversity conservation

Description

Promoting and developing economic opportunities that are compatible with and which complement the conservation and sustainable use of biodiversity; and creating and implementing incentives that support the conservation and sustainable use of biological diversity.

Encourage the development of indigenous and traditional livestock and crop utilisation programmes, natural product industries, and agricultural programmes which show economic potential and which create economic and other incentives for the retention, rehabilitation, maintenance and management of natural habitats.

The use of economic instruments are considered important mechanisms to be used for the conservation and sustainable use of biodiversity, and the promotion of new uses of biological resources.

Context

Examining the economic aspects of biodiversity is becoming increasingly important. Innovative ways must therefore be found to add to and reinforce the fundamental economic value to biodiversity, and to promote and develop economic activities that are compatible with and which complement the conservation and sustainable use of biodiversity.

In some instances, such as the informal medicinal plant trade, a thriving industry exists but the importance of traditional medicine for primary health care is poorly recognised. Consequently, few measures are in place to ensure that resources are harvested sustainably, that the cultivation of harvested species is promoted, and that the local economic value of such resources is maximised. In other cases, such as biodiversity prospecting, opportunities to reap benefits are not optimised because of the absence of an enabling policy framework that controls access to genetic resources and sets conditions for benefit-sharing and sustainable use. This uncertainty is a major deterrent to potential investors. And in industries such as tourism, the full spectrum of benefits arising from tourism-related activities are often only partially realised.

Narrower

  1. Using tradable permits schemes for biodiversity conservation
  2. Using strategic environmental assessment tools for biodiversity planning
  3. Using natural resource accounting for biodiversity conservation
  4. Using multi-criteria analysis in environmental impact assessment
  5. Using environmental assessment components in economic valuations
  6. Using economic discounting mechanisms in biodiversity conservation
  7. Using economic benefit transfer mechanisms for biodiversity conservation
  8. Using debt-for-nature swaps
  9. Using cost benefit analysis tools for biodiversity impact assessment
  10. Using biodiversity priorities in business efficiency criteria
  11. Sharing the benefits in biodiversity conservation
  12. Removing perverse taxes affecting biodiversity
  13. Removing perverse subsidies affecting biodiversity
  14. Providing financial incentives for biodiversity conservation
  15. Providing economic incentives for conservation of natural resources
  16. Making economic agreements for biodiversity conservation
  17. Integrating biodiversity concerns into economic development planning
  18. Establishing biodiversity funds
  19. Encouraging private philanthropy for biodiversity
  20. Applying economic tools at the local level of biodiversity conservation


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