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Purchase, protect, resell, repeat: an effective process for conserving biodiversity on private land?
Author(s) -
Hardy Mathew J,
Fitzsimons James A,
Bekessy Sarah A,
Gordon Ascelin
Publication year - 2018
Publication title -
frontiers in ecology and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.918
H-Index - 164
eISSN - 1540-9309
pISSN - 1540-9295
DOI - 10.1002/fee.1821
Subject(s) - business , biodiversity conservation , biodiversity , process (computing) , natural resource economics , environmental resource management , environmental planning , geography , economics , ecology , computer science , biology , operating system
Global conservation efforts are increasingly focused on expanding the amount of permanently protected private land, with the aim of preserving biodiversity. These efforts are often constrained by financial resources, particularly where land acquisition is expensive, or where landowners are reluctant to enter into conservation agreements. Purchase–protect–resale ( PPR ) programs are used by conservation organizations in a number of countries to facilitate the purchase, resale, and protection of private land. We conducted the first systematic review of the literature on PPR and collated information on its use around the world. In total, we found that funds exceeding US $384 million were available for PPR , and over 684,000 ha have been protected to date. We identify the unique attributes of this approach and the challenges of its implementation, and discuss its potential for protecting land unsuitable for other conservation approaches. Our analysis highlights the importance of selecting appropriate properties, and we suggest that insights from the economics literature could help to improve the effectiveness of PPR programs.