Tradable rights in conservation: useful policy tool or industry in themselves?

In recent decades, markets have become widely used for environmental resources. Prime examples include water rights where trade enables water to be allocated to the most profitable crops, and allows farmers more flexibility to cope with climatic variability (Bjornlund 2003). Similarly, tradable righ...

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Bibliographic Details
Published in:Environmental conservation 2015-12, Vol.42 (4), p.289-290
Main Author: REESON, ANDREW
Format: Article
Language:English
Subjects:
Air pollution
air quality
Biodiversity
Conservation
crops
EDITORIAL
Efficient markets
Environmental protection
farmers
Flexibility
industry
issues and policy
Markets
Outdoor air quality
Poaching
trade
Water markets
Water rights
Wildlife conservation
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Summary:In recent decades, markets have become widely used for environmental resources. Prime examples include water rights where trade enables water to be allocated to the most profitable crops, and allows farmers more flexibility to cope with climatic variability (Bjornlund 2003). Similarly, tradable rights for air pollution minimize the cost of meeting air quality targets (Stavins 1998). The same principles can potentially be widely applied to biodiversity conservation. In this issue, we are fortunate to have a short but diverse series of papers on tradable rights in conservation.
ISSN:0376-8929
1469-4387
1469-4387
DOI:10.1017/S0376892915000326