Optimal contract length for biodiversity conservation under conservation budget constraint

We examine the optimal length of a contract period in a conservation program with payments for ecosystem services aiming at protecting biodiversity on privately owned forests. The government chooses the number of stands and the length of contracts so as to maximize biodiversity benefits under a binding conservation budget. We examine the implication of two alternative budgets: a separate budget for each period (periodic budget) or one budget that to be used in all periods (intertemporal budget). The impact of the budget type shows up in the fact that with intertemporal budget choice set is larger and more high quality stands are available for contracting. Based on theoretical characterizati…

Do environmental diversity approaches lead to improved site selection? A comparison with the multi-species approach

This paper suggests a new approach to select conservation areas cost-effectively according to the concept of complementarity and representation of focal natural features. The suggested environmental diversity (ED) site selection model maximizes ecological diversity, measured via ordination of the chosen taxa communities. Given their fundamental role in ecosystem functioning, vascular plants are chosen as the indicator taxa. We test the ED indicator model by contrasting it to the conventional site selection indicator (MS model), which maximizes the representation of species number in the indicator taxa. We demonstrate that the ED model is more cost-effective than the MS model. More important…

Sustainability crisis brews in EU forestry

Precision, Applicability, and Economic Implications: A Comparison of Alternative Biodiversity Offset Indexes

AbstractThe rates of ecosystem degradation and biodiversity loss are alarming and current conservation efforts are not sufficient to stop them. The need for new tools is urgent. One approach is biodiversity offsetting: a developer causing habitat degradation provides an improvement in biodiversity so that the lost ecological value is compensated for. Accurate and ecologically meaningful measurement of losses and estimation of gains are essential in reaching the no net loss goal or any other desired outcome of biodiversity offsetting. The chosen calculation method strongly influences biodiversity outcomes. We compare a multiplicative method, which is based on a habitat condition index develo…