How to Pay for Saving Biodiversity

Barbier, E.B., J.C. Burgess and T.J. Dean. 2018. Science 360 (6388): 486-488. DOI: 10.1126/science.aar3454

Posted: 30 Jul 2018

See all articles by Edward B. Barbier

Edward B. Barbier

Colorado State University, Fort Collins - Department of Economics

Joanne C. Burgess

Colorado State University, Fort Collins, College of Liberal Arts, Department of Economics, Students; University of Wyoming - College of Business - Department of Economics and Finance

Thomas J Dean

University of Colorado at Boulder - Leeds School of Business

Date Written: May 4, 2018

Abstract

The 1992 Convention on Biological Diversity (CBD) was one of the first international environmental agreements negotiated. In the same year, the Global Environment Facility (GEF) for funding biodiversity conservation in developing countries was launched. Yet 25 years later, biological populations and diversity continue to decline both on land (1) and in the oceans (2). The main reasons are chronic underfunding of global biodiversity conservation; the lack of incentives for global cooperation; and the failure to control habitat conversion, resource overexploitation, species invasions, and other drivers of biodiversity loss. Dinerstein et al. recently called for a global deal, complementing the 2015 Paris Climate Change Agreement, for conserving half of the terrestrial realm for biodiversity by 2050 (3). Here, we explore how such a deal might be implemented to overcome the funding problem in biodiversity protection.

Keywords: Convention On Biological Diversity, International Environmental Agreements, Biodiversity

JEL Classification: Q01, Q57

Suggested Citation

Barbier, Edward B. and Burgess, Joanne C. and Dean, Thomas J, How to Pay for Saving Biodiversity (May 4, 2018). Barbier, E.B., J.C. Burgess and T.J. Dean. 2018. Science 360 (6388): 486-488. DOI: 10.1126/science.aar3454. Available at SSRN: https://ssrn.com/abstract=3210349

Edward B. Barbier (Contact Author)

Colorado State University, Fort Collins - Department of Economics ( email )

Fort Collins, CO 80523-1771
United States

Joanne C. Burgess

Colorado State University, Fort Collins, College of Liberal Arts, Department of Economics, Students ( email )

Fort Collins, CO 80523-1771
United States

University of Wyoming - College of Business - Department of Economics and Finance ( email )

P.O. Box 3985
Laramie, WY 82071-3985
United States

Thomas J Dean

University of Colorado at Boulder - Leeds School of Business ( email )

Boulder, CO 80309-0419
United States

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