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Core issues in the economics of biodiversity conservation
Author(s) -
Tisdell Clement A.
Publication year - 2011
Publication title -
annals of the new york academy of sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.712
H-Index - 248
eISSN - 1749-6632
pISSN - 0077-8923
DOI - 10.1111/j.1749-6632.2010.05889.x
Subject(s) - biodiversity , measurement of biodiversity , natural resource economics , relevance (law) , biodiversity conservation , intergenerational equity , equity (law) , environmental resource management , economics , sustainable development , sustainability , geography , environmental planning , ecology , political science , biology , law
Economic evaluations are essential for assessing the desirability of biodiversity conservation. This article highlights significant advances in theories and methods of economic evaluation and their relevance and limitations as a guide to biodiversity conservation; considers the implications of the phylogenetic similarity principle for the survival of species; discusses consequences of the Noah's Ark problem for selecting features of biodiversity to be saved; analyzes the extent to which the precautionary principle can be rationally used to support the conservation of biodiversity; explores the impact of market extensions, market and other institutional failures, and globalization on biodiversity loss; examines the relationship between the rate of interest and biodiversity depletion; and investigates the implications of intergenerational equity for biodiversity conservation. The consequences of changes in biodiversity for sustainable development are given particular attention.