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How to Pay for Saving Biodiversity
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How to Pay for Saving Biodiversity

Can private sector involvement in a global agreement help to conserve global biodiversity?

Edward B. Barbier, Joanne C. Burgess and Thomas J. Dean
Science, 2018
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Editorial Rating

8

Qualities

  • Applicable
  • Visionary
  • Concrete Examples

Recommendation

Protecting the environment is often seen more as a “nice-to-have” than something that needs to be prioritized. Global funding for protecting biodiversity falls woefully short of what is actually required. For this initiative to be successful, the private sector needs to step up. But how do you encourage business to adopt a goal that does not seem to have any immediate pay-offs? Anyone interested in finding a workable way to protect the global ecosystem should read this article.

Take-Aways

  • The measures in place to ensure biodiversity are inadequate to maintain the global ecosystem.
  • For the protection of biodiversity to be successful, the private sector needs to get involved.
  • Private sector organizations that get on board with biodiversity protection are likely to benefit from their investment.

About the Authors

Edward B. Barbier is a professor at Colorado State University and a senior scholar in the School of Global Environmental Sustainability. Joanne C. Burgess is an assistant professor in the Department of Economics. Thomas J. Dean is a professor of Entrepreneurship and Sustainable Enterprise.

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