A conceptual analysis of the application of tradable permits to biodiversity conservation

Conservation Biology : the Journal of the Society for Conservation Biology
Silvia Wissel, Frank Wätzold

Abstract

Tradable permits have been applied in many areas of environmental policy and may be a response to increasing calls for flexible conservation instruments that successfully conserve biodiversity while allowing for economic development. The idea behind applying tradable permits to conservation is that developers wishing to turn land to economic purposes, thereby destroying valuable habitat, may only do so if they submit a permit to the conservation agency showing that habitat of at least the equivalent ecological value is restored elsewhere. The developer himself does not need to carry out the restoration, but may buy a permit from a third party, thus allowing a market to emerge. Nevertheless, the application of tradable permits to biodiversity conservation is a complex issue because destroyed and restored habitats are likely to differ. There may be various trade-offs between the ecological requirements that destroyed and restored habitats be as similar as possible, and the need for a certain level of market activity to have a functioning trading system. The success of tradable permits as an instrument for reconciling the conflicts between economic development and conservation depends on the existence of certain economic, institut...Continue Reading

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Citations

Jul 30, 2010·The Science of the Total Environment·María Molinos-SenanteRamón Sala-Garrido
Jul 23, 2013·Conservation Biology : the Journal of the Society for Conservation Biology·Thomas J HabibStan Boutin
Sep 29, 2011·Water Research·G Rodriguez-GarciaG Feijoo
Jun 5, 2019·Conservation Biology : the Journal of the Society for Conservation Biology·Marta Lisli GiannichiGuy Ziv
Dec 22, 2017·Ecological Applications : a Publication of the Ecological Society of America·Darren M SouthwellMichael A McCarthy

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