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Conservation Finance at CCB
A group at the CCB is developing the field of Conservation finance; this new discipline integrates biology, business, economics, engineering, law, and a good dose of real world practicality into the design of conservation investments.
Gretchen Daily and other researchers at CCB are creating an overarching framework for conservation finance, mapping out how to achieve two primary objectives:
- enhancing the flow of resources into conservation
- allocating that flow most efficiently.
This framework will be supported by the series of problem-oriented projects to help conservation practicioners implement novel conservation finance schemes.
Conservation finance looks at issues of fungibility, land market dynamics, and conservation resource allocation to form conservation plans based in real-world economic and ecological systems. In order to accomplish this, our researchers are developing legal and economic mechanisms for conservation of land. These ‘conservation tools’ include subsidies for management practices, prohibitions on damaging activities and purchasing schemes designed to protect land.
The optimal protection of biodiversity is a task too complex and all encompassing to be tackled by conservation biologists alone, or even by a interdisciplinary team of academics. By actively involving a diverse suite of conservation practitioners, we believe that we can best refine our contributions to this essential discipline.
Participants
Seminal Publications
- Daily, GC and K Ellison. 2002. The New Economy of Nature: The Quest to Make Conservation Profitable, Island Press, Washington, DC.
- Arrow, K, P Dasgupta, LH Goulder, GC Daily, PR Ehrlich, GM Heal,
S Levin
, K-G Mäler, S Schneider, D Starrett, and B Walker. In press. Are we consuming too much? Journal of Economic Perspectives.
- Ricketts, TH, GC Daily, PR Ehrlich, C Michener. 2004. Economic value of tropical forest to coffee production. Proc. National
Academy of Sciences
,
USA
101: 12579-12582.
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