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On July 11th, Ecosystem Marketplace and Mission Markets hosted an online webinar featuring an expert panel on biodiversity market mechanisms in the development context. A recording of the webinar is now available online for streaming.
Becca Madsen, Ecosystem Marketplace
Kaavya Varma, GIST Advisory
Jaime Cavelier, The Global Environmental Facility (GEF)
Andrew Bovarnick, United Nations Development Program (UNDP)
With species disappearing faster than at any time in modern history and public coffers running on empty, more and more governments are turning to market-like mechanisms to address the economic drivers of biodiversity loss. In the past year alone, biodiversity offsets and compensation mechanisms worldwide totaled an estimated US$3 billion, according to Ecosystem Marketplace’s new 2011 Update: State of Biodiversity Markets report.
But biodiversity offsets and banking are still very much a developed-world phenomenon. In other parts of the world, markets are in their very early stages. How can market mechanisms can be used to finance biodiversity conservation in developing countries, and where do we see market activity about to take off?
These questions and more - including how countries like India are using the TEEB report findings, a review of promising initiatives in Latin America, and new roles for private and non-profit actors in driving biodiversity markets forward - were the subject of our recent hour-long webinar.
Click here to stream a recording of the webinar at the Mission Markets website. (Shockwave Flash player required.)