The Rio + 20 Summit in 2012 provided an impetus for increased use of markets for solving environmental problems, through the ‘green economy’ mantra to conserve the natural capital of the earth. Market approaches are based on the principle that ecosystem goods and services can be traded hence the development of water, biodiversity, carbon markets among others.
Market approaches are posited to have a dual instance sound landscape or land use management practices and availing the critically needed financial and other resources for natural capital conservation. While widespread in the developed world, Philip Osano and Leonard expound more on how markets can promote environmental conservation, restoration, and management of our environment.
Read more here: Ecoforum Journal
Category: Green Growth