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Ferraro, P.J.; Kiss, A.
Direct Payments to Conserve Biodiversity
2002 Science (298): 1718-1719
The international community has invested billions of dollars to stem the loss of biodiversity in developing nations. Despite these investments, the loss continues. Biodiversity is a public good and thus is not supplied in sufficient quantities by individuals acting in their own self-interest. Conservation practitioners try to provide individuals who destroy ecosystems and species with incentives to preserve them. These incentives lie on a spectrum from indirect to direct with respect to their link with conservation objectives. Conservation initiatives in the United States, Australia, and most of Europe increasingly emphasize more direct incentives: land purchases, leases, and easements, as well as financial incentives such as performance payments and tax relief.
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