Designing a global mechanism for intergovernmental biodiversity financing

Research output: Contribution to journalArticle

Abstract

The Convention on Biological Diversity and the Nagoya Protocol display a broad international consensus for biodiversity conservation and equitable benefit sharing. Yet, the Aichi biodiversity targets show a lack of progress and thus indicate a need for additional action such as enhanced and better targeted financial resource mobilization. To date, no global financial burden-sharing instrument has been proposed. Developing a global-scale financial mechanism to support biodiversity conservation through intergovernmental transfers, we simulate three allocation designs: ecocentric, socioecological, and anthropocentric. We analyze the corresponding incentives needed to reach the Aichi target of terrestrial protected area coverage by 2020. Here we show that the socioecological design would provide the strongest median incentive for states which are farthest from achieving the target. Our proposal provides a novel concept for global biodiversity financing, which can serve as a starting point for more specific policy dialogues on intergovernmental burden and benefit-sharing mechanisms to halt biodiversity loss.

Details

Authors
  • Nils Droste
  • Joshua Farley
  • Irene Ring
  • Peter H. May
  • Taylor H. Ricketts
Organisations
External organisations
  • University of Vermont
  • Dresden University of Technology
  • Federal Rural University of Rio de Janeiro
Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Environmental Sciences

Keywords

  • Aichi targets, biodiversity financing, Convention on Biological Diversity, fiscal transfers, international environmental governance, policy proposal, protected areas
Original languageEnglish
Article numbere12670
Number of pages9
JournalConservation Letters
Publication statusE-pub ahead of print - 2019 Aug 7
Publication categoryResearch
Peer-reviewedYes