Publication Details

Category Text Publication
Reference Category Journals
DOI 10.3390/land10060628
Licence creative commons licence
Title (Primary) Bundling of ecosystem services in conservation offsets: risks and how they can be avoided
Author Drechsler, M.
Source Titel Land
Year 2021
Department OESA
Volume 10
Issue 6
Page From art. 628
Language englisch
Topic T5 Future Landscapes
Keywords biodiversity; bundling; conservation offsets; ecosystem services; ecological–economic model
Abstract

Conservation offsets are increasingly used as an instrument to conserve biodiversity and ecosystem services on private lands. Bundling ecosystem services (ES) in the market transactions saves costs but implies that only the bundle of ES is conserved while individual ES may decline. This paper presents a simple model analysis of a conservation offset scheme to identify conditions under which bundling can lead to such undesired declines. As it turns out, these are favoured by rarity of the ES as well as a positive correlation between their abundance and the cost of their conservation. A market rule is proposed that is able to avert undesired ES declines. Rather than on sums or means of ES, this market rule focuses on the least abundant ES. Systematic variation of model parameters shows that this trading rule is most effective in those cases where the likelihood of undesired ES losses is highest.

Persistent UFZ Identifier https://www.ufz.de/index.php?en=20939&ufzPublicationIdentifier=24730
Drechsler, M. (2021):
Bundling of ecosystem services in conservation offsets: risks and how they can be avoided
Land 10 (6), art. 628 10.3390/land10060628