Resource published Fri, Oct 14, 2011 at 04:49PM UTC edited Tue, Oct 18, 2011 at 10:35PM UTC
Debt investment as a tool for value transfer in biodiversity conservation Edit Title
A central challenge in conservation is to create value effectively around local resources that will lead to better environmental stewardship. Historically, conservationists have either used indirect approaches, such as the promotion
of alternate industries like eco-tourism, or more recently direct approaches, such as land purchases and cash payments. While direct payment programs, through conservation incentive agreements and regular payments for ecosystem preservation, are being trialed in low-income nations, the lack of enforceable property rights and contractual laws can present challenges when trying to inﬂuence conservation outcomes in local communities. We suggest an alternative approach—debt-based investment—that capitalizes environmental assets locally and makes that capital available to local communities through collateralized lending, microﬁnance approaches, and access to affordable ﬁnancial services. Tying the value of capital in a conservation lending trust to the global value for intact environmental resources will create incentives for local environmental stewardship while providing economic access to what is often a poor community’s most valuable asset—intact natural resources
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