Supporting on-farm biodiversity conservation through debt-for-conservation swaps: concept and critique

Greiner, Romy, and Lankester, Allyson (2007) Supporting on-farm biodiversity conservation through debt-for-conservation swaps: concept and critique. Land Use Policy, 24 (2). pp. 458-471.

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Debt-for-nature swaps have been extensively applied in an international context to achieve nature conservation objectives in developing countries. The swap involves alleviating a country's external debt burden in exchange for that country investing the equivalent amount of resources into specified nature conservation programs or activities. This paper explores to what extent the debt-swap concept might be applicable and relevant in a domestic setting—by alleviating farm debt in return for on-farm conservation activities. The case for relevance of the instrument is argued on the basis of empirical data from a grazing region in northern Australia. Stakeholders and participants are identified for debt-for-conservation swaps and details for instrument design discussed. Results from a grazier survey and lessons from a similar incentive in the USA support a critique of the incentive instrument against a range of policy criteria.

Item ID: 2741
Item Type: Article (Research - C1)
ISSN: 1873-5754
Keywords: financial incentives; biodiversity conservation; farm debt; debt-for-nature swaps; on-farm conservation; policy design; policy assessment
Date Deposited: 31 Aug 2009 06:32
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150199 Accounting, Auditing and Accountability not elsewhere classified @ 50%
05 ENVIRONMENTAL SCIENCES > 0502 Environmental Science and Management > 050202 Conservation and Biodiversity @ 50%
SEO Codes: 85 ENERGY > 8507 Energy Conservation and Efficiency > 850799 Energy Conservation and Efficiency not elsewhere classified @ 100%
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