Posts Tagged ‘Market-based instruments’

The ecosystem valuation debate

Tuesday, June 7th, 2011

The Lancaster Environment Centre recently organized an on-line debate on ecosystem valuation. You can check out a summary of the debate on this page. Participants plan to produce a policy guidance document for future UK policy concerning market based instruments for biodiversity conservation and ecosystem services.

The same debate on ecosystem valuation will take place tomorrow in Paris (France), under the auspices of the IDDRI, a think-tank. In preparation to the symposium, Emma Broughton and Romain Pirard wrote a short piece on market-based instruments for biodiversity (pdf).

Their article proposes a typology of instruments which distinguishes:

  • Regulations changing relative prices
  • Coasean type agreements
  • Reverse auctions
  • Tradable permits
  • Specific markets for environmental products
  • Premium capture on existing markets
  • The authors discuss the pros and cons of each one of these instruments.

    Learn more in the paper and participate in the on-going debate!