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Economic Instruments in Biodiversity-related Multilateral Environmental Agreements

Nicola Borregaard and Matthew Stilwell

This publication analyses the main provisions relating to economic instruments in the Convention on Biological Diversity, the Ramsar Convention and the Convention on International Trade in Endangered Species of Wild Fauna and Flora. It investigates the current and future role, as well as limitations, of economic instruments to implement these Conventions in areas such as in-situ conservation, sustainable or wise use, and ecosystem services. In doing so, the study explores existing and potential synergies between the three conventions and identifies cross-cutting thematic areas where the use of economic instruments can be explored in further detail. It also discusses some of the conditions for successful implementation of such instruments, including integration of local communities, capacity building and valuation of environmental resources and services.

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