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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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Published in: | Environmental conservation 2015-12, Vol.42 (4), p.289-290 |
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Main Author: | |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites |
Online Access: | Get full text |
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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. |
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ISSN: | 0376-8929 1469-4387 1469-4387 |
DOI: | 10.1017/S0376892915000326 |