Handbook of market creation for biodiversity
Subtitle: issues in implementation.
Contributors: Organisation for Economic Co-operation and Development.
Publisher: OECD
Published: 2004
Place of publication: Paris
Language: eng
Number of pages: 181
Subjects: Biological diversity conservation -- Economic aspects.; Biological diversity conservation -- Government policy.; Nature conservation -- Economic aspects.; Nature conservation -- Government policy.; Biological diversity -- Economic aspects.; Biological diversity -- Government policy.
Description: Striking the right balance between the conservation/sustainable use and the loss of biodiversity requires accounting for all the impacts of its destruction. Weighing the loss against any potential benefits will ensure that the social, as well as economic, well-being of everyone are at the best levels possible. Market-based economic systems have the potential to ensure that such a balancing occurs, but require that all the impacts of its loss, or use, have been fully internalised into market transactions. This book shows how public policy in the form of market creation can be used to internalise the loss of biodiversity. It promotes the use of markets to ensure that our collective preferences for conservation and sustainable use are reflected in economic outcomes.
Notes: Includes bibliographical references.