Details zur Publikation

Kategorie Textpublikation
Referenztyp Zeitschriften
DOI 10.1086/738843
Titel (primär) The economics of policies to conserve biodiversity in a changing climate
Autor Gerling, C.; Drechsler, M.; Shah, P.; Wätzold, F.
Quelle Review of Environmental Economics and Policy
Erscheinungsjahr 2026
Department OESA
Band/Volume 20
Heft 1
Seite von 125
Seite bis 144
Sprache englisch
Topic T5 Future Landscapes
Keywords highlight; climate change; species; policy instrument; cost-effectiveness; incentives
Abstract Climate change is a key threat to biodiversity and may become the largest threat by 2070. Climate change will alter ecological impacts and costs of conservation sites and measures, and introduce additional uncertainties to be considered in decision-making. As a consequence, we need to rethink the design of policy instruments, with four key challenges ahead: (1) Cost-effectiveness analysis needs to consider the heterogeneous impacts of climate change on biodiversity and on conservation costs. (2) Designing conservation strategies under climate change requires a consideration of economic approaches in dealing with climate change–induced uncertainties. (3) Changes in cost-effectiveness and increasing uncertainties imply that policy instruments for biodiversity conservation should allow for spatial flexibility (to adapt the location of conservation sites) and management flexibility (to adapt conservation measures on those sites). (4) Climate change poses new questions regarding citizens’ preferences, including the difference in the value people attach to species migrating to a region due to climate change, relative to native species, and the increasing importance of considering risk and time preferences as climate change increases risks and causes changes in the ecological system over time. In this article, we summarize the existing research and derive recommendations for policies to conserve biodiversity in a changing climate.
Gerling, C., Drechsler, M., Shah, P., Wätzold, F. (2026):
The economics of policies to conserve biodiversity in a changing climate
Rev. Env. Econ. Policy 20 (1), 125 - 144 10.1086/738843