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Purposes and degrees of commodification: Economic instruments for biodiversity and ecosystem services need not rely on markets or monetary valuation

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dc.creatorHahna, Thomasspa
dc.creatorMcDermott, Constancespa
dc.creatorItuarte-Lima, Claudiaspa
dc.creatorSchultz, Mariaspa
dc.creatorGreen , Tom L.
dc.creatorTuvendal, Magnusspa
dc.date.accessioned2020-08-19T14:40:19Z
dc.date.available2020-08-19T14:40:19Z
dc.date.created2015-01-01spa
dc.description.abstractCommodification of nature refers to the expansion of market trade to previously non-marketed spheres. This is a contested issue both in the scientific literature and in policy deliberations. The aim of this paper is to analytically clarify and distinguish between different purposes and degrees of commodification and to focus attention to the safeguards: the detailed institutional design. We identify six degrees of commodification and find that all ecosystem services policies are associated with some degree of commodification but only the two highest degrees can properly be associated with neoliberalisation of nature. For example, most payments for ecosystem services (PES) are subsidy-like government compensations not based on monetary valuation of nature. Biodiversity offsets can be designed as market schemes or non-market regulations; the cost-effectiveness of markets cannot be assumed. To avoid the confusion around the concept ‘market-based instrument’ we suggest replacing it with ‘economic instruments’ since relying on the price signal is not the same thing as relying on the market. We provide a comprehensive framework emphasising the diversity in institutional design, valuation approaches and role of markets. This provides flexibility and options for policy integration of biodiversity and ecosystem services in different countries according to their political and cultural context.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/j.ecoser.2015.10.012
dc.identifier.issnISSN: 2212-0416
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/26824
dc.language.isoengspa
dc.publisherElsevierspa
dc.relation.citationEndPage82
dc.relation.citationStartPage74
dc.relation.citationTitleEcosystem Services
dc.relation.citationVolumeVol. 16
dc.relation.ispartofEcosystem Services, ISSN:2212-0416, Vol.16 (December, 2015); pp. 74-82spa
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S2212041615300395spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.sourceEcosystem Servicesspa
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subject.keywordBiodiversity financing mechanismsspa
dc.subject.keywordInnovative financial mechanismsspa
dc.subject.keywordFinancializationspa
dc.subject.keywordNon-monetary valuationspa
dc.subject.keywordAdaptive governancespa
dc.titlePurposes and degrees of commodification: Economic instruments for biodiversity and ecosystem services need not rely on markets or monetary valuationspa
dc.title.TranslatedTitlePropósitos y grados de mercantilización: los instrumentos económicos para la biodiversidad y los servicios de los ecosistemas no necesitan depender de los mercados o la valoración monetaria.spa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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