Biodiversity conservation and climate mitigation: what role can economic instruments play?

Irene Ring, Martin Drechsler, Astrid JA van Teeffelen, Silvia Irawan, Oscar Venter

    Research output: Contribution to journalArticle

    Abstract

    Tradable permits and intergovernmental fiscal transfers play an increasing role in both biodiversity conservation and climate mitigation. In comparison to regulatory and planning approaches these economic instruments offer a more flexible and cost-effective approach to biodiversity conservation. Economic instruments should act as complements to rather than substitutes for conventional land-use planning, given that their applicability is limited by the heterogeneity of biodiversity. Linking biodiversity policies with carbon mitigation policies may provide synergies and alleviate the chronic inadequacy of conservation budgets. Since the scope and scale of the two policy fields differ in some respects, it must be ensured that market-based climate mitigation policies will be implemented with the restrictions necessary for safeguarding Earth's biological diversity.
    Original languageEnglish
    Pages (from-to)50-58
    JournalCurrent Opinion in Environmental Sustainability
    Volume2
    Issue number1-2
    DOIs
    Publication statusPublished - 2010

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