In this video, Ralph Chami discusses the prerequisites for successful nature markets and the potential challenges. Ralph also discusses the risks and potential negative outcomes of nature markets. Finally he outlines what the future holds for nature markets.
In this video, Ralph Chami discusses the prerequisites for successful nature markets and the potential challenges. Ralph also discusses the risks and potential negative outcomes of nature markets. Finally he outlines what the future holds for nature markets.
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13 mins 58 secs
To effectively design nature markets several key conditions must be met: natural asset owners should sell environmental services and invest in conservation; local and indigenous communities must be primary labor sources; and focus should be on existing markets like carbon trading. Careful market design requires avoiding negative outcomes, ethical revenue management, robust governance, and honouring indigenous roles. Despite challenges like potential exploitation and market monopolisation, nature markets promise to align economic incentives with conservation, fostering equity, sustainability, and climate resilience. The Taskforce on Nature Markets advocates for a framework valuing nature as an asset, essential for a sustainable economy.
Key learning objectives:
Understand what is required for the effective design of nature markets
Outline the challenges, risks and potential negative outcomes of nature markets
Understand the future of nature markets and how they will develop
Access this and all of the content on our platform by signing up for a 14-day free trial.
Access this and all of the content on our platform by signing up for a 14-day free trial.
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