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Biodiversity offset markets: What are they really? An empirical approach to wetland mitigation banking

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  • Vaissière, Anne-Charlotte
  • Levrel, Harold

Abstract

•Mitigation banking is a hybrid form halfway between a market and a hierarchy.•Its features are well-adapted to implement public policy dealing with biodiversity.•It is a useful decentralized regulation tool for biodiversity conservation.

Suggested Citation

  • Vaissière, Anne-Charlotte & Levrel, Harold, 2015. "Biodiversity offset markets: What are they really? An empirical approach to wetland mitigation banking," Ecological Economics, Elsevier, vol. 110(C), pages 81-88.
    • Handle: RePEc:eee:ecolec:v:110:y:2015:i:c:p:81-88
    DOI: 10.1016/j.ecolecon.2015.01.002
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    References listed on IDEAS

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    1. Eckehard Rosenbaum, 2000. "What is a Market? On the Methodology of a Contested Concept," Review of Social Economy, Taylor & Francis Journals, vol. 58(4), pages 455-482.
    2. William M. Dugger, 1996. "The Mechanisms of Governance," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(4), pages 1212-1216, December.
    3. Vatn, Arild, 2014. "Markets in environmental governance — From theory to practice," Ecological Economics, Elsevier, vol. 105(C), pages 97-105.
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    Cited by:

    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. Scemama, Pierre & Levrel, Harold, 2019. "Influence of the Organization of Actors in the Ecological Outcomes of Investment in Restoration of Biodiversity," Ecological Economics, Elsevier, vol. 157(C), pages 71-79.
    3. Jia He & Yi Li & Lianjun Zhang & Junyin Tan & Chuanhao Wen, 2021. "A County-Scale Spillover Ecological Value Compensation Standard of Ecological Barrier Area in China: Based on an Extended Emergy Analysis," Agriculture, MDPI, vol. 11(12), pages 1-26, November.
    4. Philippe Le Coent & Coralie Calvet, 2016. "Challenges of achieving biodiversity offsetting through agri-environmental schemes: evidence from an empirical study," Working Papers 16-10, LAMETA, Universtiy of Montpellier.
    5. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    6. Barral, Stéphanie & Guillet, Fanny, 2023. "Preserving peri-urban land through biodiversity offsets: Between market transactions and planning regulations," Land Use Policy, Elsevier, vol. 127(C).
    7. Higashida, Keisaku & Tanaka, Kenta & Managi, Shunsuke, 2019. "The efficiency of conservation banking schemes with inter-regionally tradable credits and the role of mediators," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 175-186.
    8. Kangas, Johanna & Ollikainen, Markku, 2019. "Economic Insights in Ecological Compensations: Market Analysis With an Empirical Application to the Finnish Economy," Ecological Economics, Elsevier, vol. 159(C), pages 54-67.
    9. Calvet, Coralie & Le Coent, Philippe & Napoleone, Claude & Quétier, Fabien, 2019. "Challenges of achieving biodiversity offset outcomes through agri-environmental schemes: Evidence from an empirical study in Southern France," Ecological Economics, Elsevier, vol. 163(C), pages 113-125.
    10. Levrel, Harold & Scemama, Pierre & Vaissière, Anne-Charlotte, 2017. "Should We Be Wary of Mitigation Banking? Evidence Regarding the Risks Associated with this Wetland Offset Arrangement in Florida," Ecological Economics, Elsevier, vol. 135(C), pages 136-149.
    11. Vaissière, Anne-Charlotte & Quétier, Fabien & Calvet, Coralie & Levrel, Harold & Wunder, Sven, 2020. "Biodiversity offsets and payments for environmental services: Clarifying the family ties," Ecological Economics, Elsevier, vol. 169(C).
    12. Anne-Charlotte Vaissière & Fabien Quétier & Adeline Bierry & Clémence Vannier & Florence Baptist & Sandra Lavorel, 2021. "Modeling Alternative Approaches to the Biodiversity Offsetting of Urban Expansion in the Grenoble Area (France): What Is the Role of Spatial Scales in ‘No Net Loss’ of Wetland Area and Function?," Sustainability, MDPI, vol. 13(11), pages 1-23, May.
    13. Álvaro Enríquez-de-Salamanca & Rosa M. Martín-Aranda & Ruben Diaz-Sierra, 2017. "Towards an Integrated Environmental Compensation Scheme in Spain: Linking Biodiversity and Carbon Offsets," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 1-25, June.
    14. Thébaud, Olivier & Boschetti, Fabio & Jennings, Sarah & Smith, Anthony D.M. & Pascoe, Sean, 2015. "Of sets of offsets: Cumulative impacts and strategies for compensatory restoration," Ecological Modelling, Elsevier, vol. 312(C), pages 114-124.
    15. Vaissière, Anne-Charlotte & Levrel, Harold & Pioch, Sylvain, 2017. "Wetland mitigation banking: Negotiations with stakeholders in a zone of ecological-economic viability," Land Use Policy, Elsevier, vol. 69(C), pages 512-518.
    16. Jacob, Céline & Vaissiere, Anne-Charlotte & Bas, Adeline & Calvet, Coralie, 2016. "Investigating the inclusion of ecosystem services in biodiversity offsetting," Ecosystem Services, Elsevier, vol. 21(PA), pages 92-102.
    17. Bull, Joseph William & Abatayo, Anna Lou & Strange, Niels, 2017. "Counterintuitive Proposals for Trans-boundary Ecological Compensation Under ‘No Net Loss’ Biodiversity Policy," Ecological Economics, Elsevier, vol. 142(C), pages 185-193.

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