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Thin and shallow : Financial instruments for biodiversity conservation and their outlook

Dempsey, Jessica ; Irvine-Broque, Audrey ; Christiansen, Jens LU and Bigger, Patrick (2021)
Abstract
This paper examines the track record of private financial mechanisms aimed at funding conservation of biological diversity. It finds that, due to lack of rigorous and consistent benchmarks and monitoring, these investments may not necessarily safeguard biodiversity and could even, in some cases, have adverse impacts. Further, despite decades of attempts to draw private capital to biodiversity protection, the quantum of finance remains limited, especially in the highly biodiverse countries of the Global South where it is most needed. Written for a research project established by a group of central banks and financial supervisors, this paper cautions these authorities from deploying resources towards promoting such biodiversity-focused... (More)
This paper examines the track record of private financial mechanisms aimed at funding conservation of biological diversity. It finds that, due to lack of rigorous and consistent benchmarks and monitoring, these investments may not necessarily safeguard biodiversity and could even, in some cases, have adverse impacts. Further, despite decades of attempts to draw private capital to biodiversity protection, the quantum of finance remains limited, especially in the highly biodiverse countries of the Global South where it is most needed. Written for a research project established by a group of central banks and financial supervisors, this paper cautions these authorities from deploying resources towards promoting such biodiversity-focused private financial instruments. Instead, the supervisory bodies are urged to step up policy coordination to address drivers of biodiversity loss in the financial system. (Less)
Please use this url to cite or link to this publication:
author
; ; and
organization
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type
Book/Report
publication status
published
subject
publisher
Third World Network
language
English
LU publication?
yes
id
7d1ce3f9-f059-430f-a01c-1e6a2c349262
alternative location
https://www.twn.my/title2/books/Thin%20and%20Shallow.htm
date added to LUP
2025-09-02 09:37:10
date last changed
2025-09-11 12:44:40
@techreport{7d1ce3f9-f059-430f-a01c-1e6a2c349262,
  abstract     = {{This paper examines the track record of private financial mechanisms aimed at funding conservation of biological diversity. It finds that, due to lack of rigorous and consistent benchmarks and monitoring, these investments may not necessarily safeguard biodiversity and could even, in some cases, have adverse impacts. Further, despite decades of attempts to draw private capital to biodiversity protection, the quantum of finance remains limited, especially in the highly biodiverse countries of the Global South where it is most needed. Written for a research project established by a group of central banks and financial supervisors, this paper cautions these authorities from deploying resources towards promoting such biodiversity-focused private financial instruments. Instead, the supervisory bodies are urged to step up policy coordination to address drivers of biodiversity loss in the financial system.}},
  author       = {{Dempsey, Jessica and Irvine-Broque, Audrey and Christiansen, Jens and Bigger, Patrick}},
  institution  = {{Third World Network}},
  language     = {{eng}},
  title        = {{Thin and shallow : Financial instruments for biodiversity conservation and their outlook}},
  url          = {{https://lup.lub.lu.se/search/files/226815090/Thin_and_shallow.pdf}},
  year         = {{2021}},
}