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A man on a hill, Jens Christiansen. Photo.

Jens Christiansen

Postdoctoral fellow

A man on a hill, Jens Christiansen. Photo.

Thin and shallow : Financial instruments for biodiversity conservation and their outlook

Author

  • Jessica Dempsey
  • Audrey Irvine-Broque
  • Jens Christiansen
  • Patrick Bigger

Summary, in English

This paper examines the track record of private financial mechanisms aimed at funding conservation of biological diversity. It finds that, due to lack of rigorous and consistent benchmarks and monitoring, these investments may not necessarily safeguard biodiversity and could even, in some cases, have adverse impacts. Further, despite decades of attempts to draw private capital to biodiversity protection, the quantum of finance remains limited, especially in the highly biodiverse countries of the Global South where it is most needed. Written for a research project established by a group of central banks and financial supervisors, this paper cautions these authorities from deploying resources towards promoting such biodiversity-focused private financial instruments. Instead, the supervisory bodies are urged to step up policy coordination to address drivers of biodiversity loss in the financial system.

Department/s

  • LUCSUS (Lund University Centre for Sustainability Studies)

Publishing year

2021

Language

English

Document type

Report

Publisher

Third World Network

Topic

  • Environmental Studies in Social Sciences

Status

Published