World Bank, Washington, DC eBooks · 2004 · 12 citations · 0 references
Natural ResourcesBiodiversity ConservationNatural Resource EconomicsConservation EconomicsEnvironmental EconomicsForest EconomicsConservation FinanceForest Conservation PolicyHabitat Conservation PolicyLand Conservation EconomicsLand UseProtected Area EconomicsBiodiversity Conservation EconomicsConservation ConcessionsForest Conservation EconomicsMarket-based Conservation MechanismsOpportunity Cost ValuationReserve Opportunity CostSpatial Trade-offsTradable Development Rights
A tradable development rights (TDR) \n program focusing on biodiversity conservation faces a \n crucial problem defining which areas of habitat should be \n considered equivalent. Restricting the trading domain to a \n narrow area could boost the range of biodiversity conserved \n but could increase the opportunity cost of conservation. The \n issue is relevant to Brazil, where TDR-like programs are \n emerging. Current regulations require each rural property to \n maintain a forest reserve of at least 20 percent, but \n nascent policies allow some tradability of this obligation. \n The authors use a simple, spatially explicit model to \n simulate a hypothetical state-level program. They find that \n wider trading domains drastically reduce landholder costs of \n complying with this regulation and result in environmentally \n preferable landscapes.