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Designing a global mechanism for intergovernmental biodiversity financing

Droste, Nils LU ; Farley, Joshua ; Ring, Irene ; May, Peter H. and Ricketts, Taylor H. (2019) In Conservation Letters 12(6).
Abstract

The Convention on Biological Diversity and the Nagoya Protocol display a broad international consensus for biodiversity conservation and equitable benefit sharing. Yet, the Aichi biodiversity targets show a lack of progress and thus indicate a need for additional action such as enhanced and better targeted financial resource mobilization. To date, no global financial burden-sharing instrument has been proposed. Developing a global-scale financial mechanism to support biodiversity conservation through intergovernmental transfers, we simulate three allocation designs: ecocentric, socioecological, and anthropocentric. We analyze the corresponding incentives needed to reach the Aichi target of terrestrial protected area coverage by 2020.... (More)

The Convention on Biological Diversity and the Nagoya Protocol display a broad international consensus for biodiversity conservation and equitable benefit sharing. Yet, the Aichi biodiversity targets show a lack of progress and thus indicate a need for additional action such as enhanced and better targeted financial resource mobilization. To date, no global financial burden-sharing instrument has been proposed. Developing a global-scale financial mechanism to support biodiversity conservation through intergovernmental transfers, we simulate three allocation designs: ecocentric, socioecological, and anthropocentric. We analyze the corresponding incentives needed to reach the Aichi target of terrestrial protected area coverage by 2020. Here we show that the socioecological design would provide the strongest median incentive for states which are farthest from achieving the target. Our proposal provides a novel concept for global biodiversity financing, which can serve as a starting point for more specific policy dialogues on intergovernmental burden and benefit-sharing mechanisms to halt biodiversity loss.

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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Aichi targets, biodiversity financing, Convention on Biological Diversity, fiscal transfers, international environmental governance, policy proposal, protected areas
in
Conservation Letters
volume
12
issue
6
article number
e12670
pages
9 pages
publisher
Wiley-Blackwell
external identifiers
  • scopus:85070767972
ISSN
1755-263X
DOI
10.1111/conl.12670
language
English
LU publication?
yes
id
2649eaa8-041d-4237-a360-280ce4a0ddc5
date added to LUP
2019-09-02 15:51:32
date last changed
2020-01-15 09:18:37
@article{2649eaa8-041d-4237-a360-280ce4a0ddc5,
  abstract     = {<p>The Convention on Biological Diversity and the Nagoya Protocol display a broad international consensus for biodiversity conservation and equitable benefit sharing. Yet, the Aichi biodiversity targets show a lack of progress and thus indicate a need for additional action such as enhanced and better targeted financial resource mobilization. To date, no global financial burden-sharing instrument has been proposed. Developing a global-scale financial mechanism to support biodiversity conservation through intergovernmental transfers, we simulate three allocation designs: ecocentric, socioecological, and anthropocentric. We analyze the corresponding incentives needed to reach the Aichi target of terrestrial protected area coverage by 2020. Here we show that the socioecological design would provide the strongest median incentive for states which are farthest from achieving the target. Our proposal provides a novel concept for global biodiversity financing, which can serve as a starting point for more specific policy dialogues on intergovernmental burden and benefit-sharing mechanisms to halt biodiversity loss.</p>},
  author       = {Droste, Nils and Farley, Joshua and Ring, Irene and May, Peter H. and Ricketts, Taylor H.},
  issn         = {1755-263X},
  language     = {eng},
  number       = {6},
  publisher    = {Wiley-Blackwell},
  series       = {Conservation Letters},
  title        = {Designing a global mechanism for intergovernmental biodiversity financing},
  url          = {http://dx.doi.org/10.1111/conl.12670},
  doi          = {10.1111/conl.12670},
  volume       = {12},
  year         = {2019},
}