Download or read book The Privatisation of Biodiversity? written by Colin T. Reid and published by Edward Elgar Publishing. This book was released on 2016-08-26 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current regulatory approaches have not prevented the loss of biodiversity across the world. This book explores the scope to strengthen conservation by using different legal mechanisms such as biodiversity offsetting, payment for ecosystem services and conservation covenants, as well as tradable development rights and taxation. The authors discuss how such mechanisms introduce elemhents of a market approach as well as private sector initiative and resources. They show how examples already in operation serve to highlight the design challenges, legal, technical and ethical, that must be overcome if these mechanisms are to be effective and widely accepted.