Failure of global economic mechanisms in biodiversity conservation
- Failure to create equitable sharing of the benefits and costs of biodiversity conservation
Nature
Conservation of biological resources faces an inequitable distribution of benefits and costs, with benefits primarily accruing at the national and international levels and costs accruing at the local level. The funding gap and inequitable distribution of benefits and costs are due to a complex array of government and market failures. These lead to the inability of economic conservation strategies to pay for themselves and thus lead ultimately to the loss of biological resources.
Claim
There are no culturally-appropriate financial mechanisms to bridge the gap between the private costs and benefits of biodiversity conservation at the local level and public benefits at national and global levels.
Biodiversity provides global services to humankind that are not captured and adequately recognized by current economic relations, patterns and policies.
Broader
Narrower
Aggravates
Strategy
Value
SDG
