The Privatisation of Biodiversity?

What is it about?

In the face of the failure of the traditional ‘command and control’ model of environmental regulation to curb the devastating losses of biodiversity around the world, policymakers are increasingly seeking new approaches to deal with this complex interdisciplinary issue. The Privatisation of Biodiversity? provides a timely contribution to this debate by exploring the legal aspects and the scope to strengthen conservation of through these reforms. Colin Reid and Walters Nsoh draw on literature well beyond legal sources, particularly from ecology, environmental economics, and philosophy to reach a number of pragmatic conclusions on the issues discussed. The solutions new approaches explored include payment for ecosystem services, biodiversity offsetting and conservation covenants, as well as taxation and impact fees. Such mechanisms introduce elements of a market approach as well as private sector initiative and resources. This book considers both the practical and ethical aspects of the regulatory choices available to identify the potential and limitations of an increasingly market-based regime.

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