The economics of conservation investments

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dc.contributor.authorFerraro, Paul J.en
dc.contributor.authorSimpson, R. Daviden
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.date.accessioned2016-04-19T19:19:50Zen
dc.date.available2016-04-19T19:19:50Zen
dc.date.issued2002en
dc.description.abstractInternational donors invest billions of dollars to conserve ecosystems in low-income nations. An emerging debate rages among academics and practitioners as to the most effective forms of conservation investment. Among the more popular initiatives to achieve this objective is the use of development interventions in the peripheral areas of endangered ecosystems. Such interventions indirectly provide desirable ecosystem services through two mechanisms: (1) by re-directing labor and capital away from activities that degrade ecosystems (e.g., agricultural intensification); and (2) by encouraging commercial activities that supply ecosystem services as joint products (e.g., ecotourism). We contrast this dominant approach with an approach that pays for ecosystem protection directly. Based on theoretical and empirical analyses, we argue that investments aimed at making payments that are conditional on conservation performance are likely to be far more cost-effective than the currently popular indirect approaches to conservation investment. Although direct payment initiatives have imposing institutional requirements, we argue that all conservation initiatives face similar challenges. An empirical example from Africa illustrates the substantial cost savings that can be realized by direct payment initiatives.en
dc.description.notesPES-1 (Payments for Environmental Services Associate Award)en
dc.format.mimetypeapplication/vnd.ms-powerpointen
dc.identifier2474en
dc.identifier.citationPresented at "Direct Payments as an Alternative Approach to Conservation Investment: A Symposium at the 16th Annual Meetings of the Society for Conservation Biology," Canterbury, England, 15 July 2002en
dc.identifier.other2474_Ferraro2002_Economics_of_conservation_in.ppten
dc.identifier.urihttp://hdl.handle.net/10919/66974en
dc.language.isoen_USen
dc.relation.urihttp://epp.gsu.edu/pferraro/special/scb2002.htmen
dc.relation.urihttp://epp.gsu.edu/pferraro/special/SCBSimpson-FerraroAbstract.pdfen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectPayments for environmental servicesen
dc.subjectConservation strategyen
dc.subjectConservationen
dc.subjectConservation incentivesen
dc.subjectConservation investmentsen
dc.subjectEcosystem protectionen
dc.subjectDirect paymentsen
dc.subjectEcosystem Farm/Enterprise Scaleen
dc.titleThe economics of conservation investmentsen
dc.title.alternativeGetting what you paid for: The economics of conservation investmentsen
dc.typePresentationen
dc.type.dcmitypeTexten

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