strategy
Using economic tools for biodiversity conservation
Synonyms:
Applying economic mechanisms for the conservation of biological resourcesCosting 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.
Broader:
Resourcing biodiversity conservationPromoting sustainable use of biodiversityUsing economic instruments for sustainable developmentAssessing impacts of trade policy on biodiversity conservation Narrower:
Using debt-for-nature swapsEstablishing biodiversity fundsSharing the benefits in biodiversity conservationRemoving perverse taxes affecting biodiversityEncouraging private philanthropy for biodiversityRemoving perverse subsidies affecting biodiversityMaking economic agreements for biodiversity conservationUsing tradable permits schemes for biodiversity conservationProviding financial incentives for biodiversity conservationUsing biodiversity priorities in business efficiency criteriaUsing natural resource accounting for biodiversity conservationUsing multi-criteria analysis in environmental impact assessmentUsing environmental assessment components in economic valuationsUsing economic discounting mechanisms in biodiversity conservationProviding economic incentives for conservation of natural resourcesIntegrating biodiversity concerns into economic development planningUsing cost benefit analysis tools for biodiversity impact assessmentApplying economic tools at the local level of biodiversity conservationUsing economic benefit transfer mechanisms for biodiversity conservationUsing strategic environmental assessment tools for biodiversity planning Facilitated by:
Managing urbanization to minimize biodiversity lossIdentifying economic benefits of biological diversity Subjects:
Resources → Resources Biosciences → Biology
Action → Application
Commerce → Purchasing, supplying
Industry → Metal products
Economics → Economic
Conservation → Conservation
Type Classification:
E: Emanations of other strategies Related UN Sustainable Development Goals:
