 Blended academic insights for biodiversity and conservation financeEli P. Fenichel and Monica F. Dean Ecological Economics, 2024, vol. 223, issue C Abstract: Modern financial institutions are coordination mechanisms that have evolved to help solve specific sorts of collective action challenges. The idea of biodiversity and conservation finance is to nudge the further evolution of these institutions to help solve the collective action problems associated with nature conservation. For decades economists studying the environment have used tools and ideas from financial management to provide insights into natural resource management and conservation. However, the field has primarily adapted the use of financial tools rather than investigating mechanisms for financing, except for the sizable literature on direct payments (i.e., payments for ecosystem services). Increasingly, the policy world and investing world recognize that more resources are needed to maintain the biosphere. Blending prior environmental economics research with new research and practice on financing nature conservation may be able to help direct financial innovation to help solve, yet unsolved, collective action problems in order to conserve nature and ensure sustainable development. Keywords: Global biodiversity framework; Biodiversity finance; Policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:223:y:2024:i:c:s0921800924001551 DOI: 10.1016/j.ecolecon.2024.108258 Access Statistics for this article Ecological Economics is currently edited by C. J. Cleveland More articles in Ecological Economics from Elsevier |
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