News
On June 16th, twenty-two members of the United States Agency for International Development (USAID) staff gathered in Washington, D.C. for a three-day training entitled Economic Tools for Integrating Biodiversity and Ecosystem Services into Development Investments. This course came about as part of our multi-year Biodiversity Understanding in Infrastructure and Landscape Development (BUILD) program, which is part of an agreement with USAID, funded by the Gordon and Betty Moore Foundation.
In October of last year, CSF published a study in collaboration with Niras Fraenkel Ltd. and the Conservation Agreement Fund and with funding from the Critical Ecosystem Partnership Fund, on the environmental and economic impacts of building a port on Jamaica's Goat Islands. The findings were positive: building an equivalent facility at a place called Macarry Bay, to the west of Goat Islands, would cost an estimated $200 million less to build, and will a far smaller environmental cost.
The outdoor pavilion in the center of Mimpi Resort Menjangan rang with shouts of “Potatoes! Very Cheap!” “$6 a bag! Who will sell for 6?” “Cheapest in town! Come see my potatoes!” “Who wants to make a deal?” And our course on Economic Tools for Marine Conservation in Indonesia was underway. Twenty-two participants from institutions around the country were engaged in their first economic game, experiencing the principles of microeconomics by participating in a market, and working towards an equilibrium price for a sack of potatoes.
Tapajós river basin, Pará State, Brazil © Camila Jericó-Daminello
After an inventory of potential dams in the Tapajós river basin was released in 2008, the area has been hailed as the new frontier of energy development in Brazil. Due to the typically extensive environmental and social impacts of dam construction, governments and communities in the Amazon region have been engaged in discussions over the past few years on how to mitigate impacts on people and nature. Some dam projects are already underway with many more on the drawing board.
Amazonas native. © Fernanda Preto
CSF International Course graduate Prakash Mani Sharma, Executive Director and Senior Advocate for Pro Public, wrote to us last month with some stunning news. On April 16th, 2015, the Supreme Court of Nepal set a precedent in the area of environment protection by ordering the closure of the mining company, Godawari Marble Industries. This decision is the result of over a decade of litigation by Pro Public to protect the 330 species of butterflies, 254 birds, 80 tree varieties, and 571 types of fruits in Godawari and the Phulchowki hills near the mine.
Photo credit: Fernanda Preto
There’s no Wikipedia page so you can be forgiven for suspecting that I’m making it up. But Conservation Economics is actually being practiced by a bunch of serious people engaged in one of the most profound challenges of our time - averting massive losses in the diversity of Earth's life forms. So if it doesn’t exist, it’s time we brought it into being. Here goes:
Workers collecting palm oil fruit
In a world of vast natural ecosystems, endlessly diverse life forms and similarly numerous threats to nature, how can people make smart choices about what to try to conserve? It takes biological expertise, to be sure, but economics is also a necessary compass to guide our efforts.
Mountain Gorillas in Virunga National Park, Photo ©2023 Virunga National Park