The Ecological Society of America (ESA) today released a report entitled “Innovative Finance for Conservation: Roles for Ecologists and Practitioners” that offers guidelines for developing standardized, ethical and effective conservation finance projects.
Public and philanthropic sources currently supply most of the funds for protecting and conserving species and ecosystems. However, the private sector is now driving demand for market-based mechanisms that support conservation projects with positive environmental, social and financial returns. Examples of projects that can support this triple bottom line include green infrastructure for stormwater management, clean transport projects and sustainable production of food and fiber products.
“The reality is that public and philanthropic funds are insufficient to meet the challenge to conserve the world’s biodiversity,” said Garvin Professor and Senior Director of Conservation Science at Cornell University Amanda Rodewald, the report’s lead author. “Private investments represent a new path forward both because of their enormous growth potential and