New Approaches to Conservation Law
- New Horizons in Environmental and Energy Law series
AbstractBeyond the mechanisms discussed in detail earlier in the book (payment for ecosystem services, biodiversity offsetting, conservation covenants/easements and taxation), an essentially market-based approach to biodiversity can be adopted through other means. Development can be controlled by means of tradable development permits, based on meeting conservation objectives set for larger areas rather than relying on detailed site-specific controls. The laws on water rights in several jurisdictions and hunting and fishing quotas also present market-based approaches to regulating activities which have a major effect on biodiversity. Adverse effects on biodiversity can also be balanced by the collection of impact fees which are dedicated to actions taken to benefit biodiversity.
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