Economic Incentives and Legal Tools for Private Sector Conservation

Abstract

"Policymakers have long recognized the fundamental role of the private sector in economic development. At the same time, public concern about environmental issues like clean drinking water, overconsumption of natural resources, and worldwide loss of tropical forests has grown explosively and led policymakers to devote more attention to these issues. To reconcile these seemingly competing agendas, governments, the private sector, and the public at large are increasingly seeking ways to advance natural resource conservation and economic development as partners. This article explores the use of economic incentives and legal tools to achieve that goal."