An Economic Approach
Biodiversity is an issue that is sometimes viewed in isolation. Environmentalism
does not occur in a sphere of its own: it is of crucial importance that
we integrate it into our vision of a functioning society and economy.
Conserving biodiversity will confer costs on society as well as benefits.
How can this trade-off be measured and justified? Recognising the opportunity
cost of biodiversity conservation is the first important step towards
integrating knowledge and research about the environment into national
social and economic infrastructures, enabling a more informed and effective
program of sustainable development to be established.
In this seminar, Giles Atkinson examines the economics of biodiversity
conservation. In Session 1 he explores the failure of the world currently
to provide 'enough' biodiversity as a problem of economic failure. A starting
point for the task of correcting this failure is a demonstration of the
benefits of biodiversity conservation and the design of mechanisms that
enable the capture of these values in order to properly finance increased
conservation efforts. In Session 2 he considers the importance of biodiversity
in broader sustainable development strategies, and in Session 3 he explores
this in detail by taking the case study of the Royal Botanic Gardens at
Kew. Finally, he asks how countries can usefully pursue policies aimed
at sustainable development and how this can be accurately measured.
- Session 1 The Economics of Biodiversity
- Session 2 Biodiversity and Sustainable
- Session 3 Conserving Biodiversity:
- Session 4 Accounting for Sustainable
the opportunity costs of biodiversity conservation.
the importance of the Royal Botanic Gardens at Kew from the perspective
of biodiversity conservation.
how biodiversity has an impact on sustainable development.
the sustainability indicators commonly used by governments to measure
how such indicators could reflect economic as well as environmental
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