Making the market work for nature: How biocredits can protect biodiversity and reduce poverty

Abstract

making the market work for nature how biocredits can protect biodiversity and reduce poverty ina porras and paul steele issue paper march 2020 economics; biodiversity keywords: conservation, wildlife, financing for development, investment about the authors ina porras was formerly a senior researcher in iied’s shaping sustainable markets group. she now works as an economics adviser at the department for international development, uk. paul steele is chief economist in iied’s shaping sustainable markets group (www.iied.org/users/paul-steele). email: paul.steele@iied.org acknowledgements we thank, without implicating: stephen porter formerly of iied, dorothea pio of flora & fauna international, richard w diggle of world wide fund for nature (wwf) namibia, oliver withers of the zoological society of london and glen jeffries of conservation capital. all errors and omissions are the responsibility of the authors. produced by iied’s shaping sustainable markets group the shaping sustainable markets group works to make sure that local and global markets are fair and can help poor people and nature to thrive. our research focuses on the mechanisms, structures and policies that lead to sustainable and inclusive economies. our strength is in finding locally appropriate solutions to complex global and national problems. published by iied, march 2020 porras, i and steele, p (2020) making the market work for nature: how biocredits can protect biodiversity and reduce poverty. iied issue …

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