Biological conservation and human-induced environmental change: contemporary socio-economic challenges

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Chapter 7 in Economics and Environmental Change, 2017, pp 120-148 from Edward Elgar Publishing

Abstract: Continuing loss of biodiversity, mainly due to economic development, is a major contemporary concern. This is because it could threaten economic sustainability and diminish the satisfaction humankind obtains by experiencing the living world, and it can be a source of guilt among individuals who feel that humankind has a moral responsibility to help conserve the living world. Therefore, biological conservation is an important subject and is the focus of this chapter. This chapter is developed initially by identifying a range of subjects that can be investigated in studying biological conservation and management. Diverse motives are specified which have an influence on decisions about biological conservation and management. Subsequently, attention is given to the role and limitations of markets in determining biological conservation and management, and after that to the role and shortcomings of non-market institutions (governments and NGOs) in doing so. The usefulness of economic valuation techniques in relation to this subject is assessed and particular attention is given to the need to take account of opportunity costs, the importance of regular biases in conservation preferences, and the difficulty of resolving social conflict about the management of biological resources. Before concluding, the following illustrative topics are discussed: conflicts, valuation issues and the costs of policies for conserving koalas; the role of wildlife rehabilitation centres in nature conservation; • ecotourism enterprises and the conservation of species; and • conflicts between conservationists about conserving species illustrated by the presence of wild horses (brumbies) in the high country of Australia.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2017
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