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SUMMARY:Pricing Biodiversity: A Target and Cost-based Approach - Ben Groom
  (University of Exeter)
DTSTART;VALUE=DATE-TIME:20250224T141500Z
DTEND;VALUE=DATE-TIME:20250224T153000Z
UID:https://talks.ox.ac.uk/talks/id/dfadac2d-6cdf-46b2-aa71-76515dcc98f9/
DESCRIPTION:Planetary constraints on biodiversity loss define the dimensio
 ns of a sustainable economy. Yet\, despite the ambitious targets of recent
  international agreements (e.g. the Kunming-Montreal Agreement of the Conv
 ention on Biological Diversity) biodiversity remains in steep decline. One
  major reason for this trend is that the costs of biodiversity loss are no
 t properly reflected in decision-making\, either by private individuals\, 
 financial institutions\, or government. In many cases biodiversity is invi
 sible at the point of decision\; at worst biodiversity loss is subsidised.
  There are limited resources to combat biodiversity decline and meet globa
 l commitments for biodiversity and habitat restoration\, such as the targe
 ts of the Kunming-Montreal agreement of the Convention on Biological Diver
 sity\, and the associated national level goals and targets . Therefore\, a
  coherent approach is required to evaluating trade-offs between competing 
 conservation priorities and conservation and other contributors to well-be
 ing such as health\, education and climate change mitigation. We propose a
  Target-and-Cost-Based (TCB) approach in which the price of biodiversity r
 eflects the cost of meeting a societally defined target for biodiversity r
 estoration. By organising around an agreed target\, the TCB approach provi
 des a means to evaluate biodiversity-economy trade-offs using target compa
 tible prices\, while circumventing contested economic valuation approaches
 .\nSpeakers:\nBen Groom (University of Exeter)
LOCATION:Manor Road Building (Seminar Room C)\, Manor Road OX1 3UQ
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/dfadac2d-6cdf-46b2-aa71-76515dcc98f9/
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DESCRIPTION:Talk:Pricing Biodiversity: A Target and Cost-based Approach - 
 Ben Groom (University of Exeter)
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