Performance-Based Wildlife Conservation Must Be Financially Sustainable

Source: Property and Environment Research Center
by Catherine E Semcer

“A key topic at the United Nations biodiversity conference in December will be how wildlife conservation funding can be increased. With the loss of fish, wildlife, and habitats seen as a top threat to the global economy, industry and investors are eager to make conservation their business. Opening pathways for them to do so is critical to reducing existing shortfalls in conservation finance. One promising approach is ‘performance-based conservation,’ also known as ‘pay for success’ or ‘environmental impact bonds.’ These schemes entail private sector entities paying the upfront costs of conservation programs, such as efforts to recover endangered species, that outline specific goals. In exchange, investors receive a financial return, paid by multilateral institutions, if the conservation goals are achieved.” (11/09/22)