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Nature Credits: A Mechanism for Environmental Valuation and Sustainability

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  • Aglaia Liopa-Tsakalidi

Abstract

Nature credits are a transformative mechanism for valuing ecosystem services and integrating environmental considerations into economic systems. As quantifiable units tied to biodiversity conservation, they address the urgent need to protect and restore ecosystems amid the global biodiversity crisis. By recognizing the intrinsic and extrinsic values of ecosystem services—such as clean water, air purification, and climate regulation, credits provide financial incentives for stakeholders, including farmers and corporations, to invest in sustainable practices. Principles like value recognition, market-based incentives, transparency, and adaptive management underpin the effectiveness of nature credit systems. Measurement and verification are crucial for success, employing tools like Ecosystem Service Assessment and Remote Sensing. Additionally, robust governance frameworks and inclusive stakeholder engagement foster trust and facilitate trade in nature credits. As initiatives promote these credits, they create a new paradigm in conservation, linking economic development with ecological sustainability, ultimately benefiting both people and the planet.

Suggested Citation

  • Aglaia Liopa-Tsakalidi, 2024. "Nature Credits: A Mechanism for Environmental Valuation and Sustainability," International Journal of Agriculture and Environmental Research, Malwa International Journals Publication, vol. 10(05), October.
    • Handle: RePEc:ags:ijaeri:348584
    DOI: 10.22004/ag.econ.348584
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    References listed on IDEAS

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    1. Mechtilde M. J. Gorissen & C. Martijn van der Heide & Johannes H.J. Schaminée, 2020. "Habitat Banking and Its Challenges in a Densely Populated Country: The Case of The Netherlands," Sustainability, MDPI, vol. 12(9), pages 1-36, May.
    2. Chen, Cheng & Matzdorf, Bettina & Davis, Marlen, 2024. "Companies preferences and willingness to pay for ecosystem services credits through an online-marketplace," Ecosystem Services, Elsevier, vol. 69(C).
    3. Andrew N Kadykalo & Lisa A Kelly & Albana Berberi & Jessica L Reid & C Scott Findlay, 2021. "Research effort devoted to regulating and supporting ecosystem services by environmental scientists and economists," PLOS ONE, Public Library of Science, vol. 16(5), pages 1-21, May.
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