IDEAS home Printed from https://ideas.repec.org/a/eee/ecoser/v46y2020ics2212041620301583.html
   My bibliography  Save this article

Finance for nature: A global estimate of public biodiversity investments

Author

Listed:
  • Seidl, Andrew
  • Mulungu, Kelvin
  • Arlaud, Marco
  • van den Heuvel, Onno
  • Riva, Massimiliano

Abstract

Parties to the United Nations Convention on Biological Diversity (CBD) will meet at the 15th Conference of Parties (COP 15) to carve out a post-2020 framework for global biodiversity conservation. Finance will be among the priority concerns. No global estimates of public biodiversity investments are in the peer reviewed literature. The methodology developed by the Biodiversity Finance Initiative (BIOFIN) provides a means for countries to account systematically for their biodiversity expenditures. Importantly, budget lines that intentionally, but secondarily, affect biodiversity outcomes are assigned a percentage at which they can be attributed to biodiversity. A sample of thirty countries facilitated the construction of a panel to predict public biodiversity investments at a global level. Here we show that global public biodiversity investments have increased steadily to an average of US$121 billion invested annually from 2008–2017, or 0.19–0.25% of global GDP. Our data not only indicate an increasing trend in total biodiversity investment, but also an increase in the percentage of total public domestic investment dedicated to biodiversity.

Suggested Citation

  • Seidl, Andrew & Mulungu, Kelvin & Arlaud, Marco & van den Heuvel, Onno & Riva, Massimiliano, 2020. "Finance for nature: A global estimate of public biodiversity investments," Ecosystem Services, Elsevier, vol. 46(C).
    • Handle: RePEc:eee:ecoser:v:46:y:2020:i:c:s2212041620301583
    DOI: 10.1016/j.ecoser.2020.101216
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2212041620301583
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecoser.2020.101216?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zou, Hui, 2006. "The Adaptive Lasso and Its Oracle Properties," Journal of the American Statistical Association, American Statistical Association, vol. 101, pages 1418-1429, December.
    2. He, Xue-Zhong & Li, Kai, 2015. "Profitability of time series momentum," Journal of Banking & Finance, Elsevier, vol. 53(C), pages 140-157.
    3. Anthony Waldron & Daniel C. Miller & Dave Redding & Arne Mooers & Tyler S. Kuhn & Nate Nibbelink & J. Timmons Roberts & Joseph A. Tobias & John L. Gittleman, 2017. "Reductions in global biodiversity loss predicted from conservation spending," Nature, Nature, vol. 551(7680), pages 364-367, November.
    4. Norman Myers & Russell A. Mittermeier & Cristina G. Mittermeier & Gustavo A. B. da Fonseca & Jennifer Kent, 2000. "Biodiversity hotspots for conservation priorities," Nature, Nature, vol. 403(6772), pages 853-858, February.
    5. Akitoby, Bernardin & Clements, Benedict & Gupta, Sanjeev & Inchauste, Gabriela, 2006. "Public spending, voracity, and Wagner's law in developing countries," European Journal of Political Economy, Elsevier, vol. 22(4), pages 908-924, December.
    6. Leonard F. S. Wang & Jen‐yao Lee, 2015. "Profit‐raising Entry in Vertically Related Markets," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 36(6), pages 401-407, September.
    7. Howard, Bruce & Young, Mike, 1995. "Selecting and Costing a Representative Expansion of the NSW Protected Area Network," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 170864, Australian Agricultural and Resource Economics Society.
    8. A. Colin Cameron & Pravin K. Trivedi, 2010. "Microeconometrics Using Stata, Revised Edition," Stata Press books, StataCorp LP, number musr, March.
    9. Ruben Chavarin Rodriguez, 2015. "Determinants of Commercial Bank Profitability in Mexico," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 12(1), pages 97-123, Enero-Jun.
    10. Willcocks, Leslie & Lester, Stephanie, 1996. "Beyond the IT productivity paradox," European Management Journal, Elsevier, vol. 14(3), pages 279-290, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alessandra Rigo & Elena Andriollo & Elena Pisani, 2022. "Intermediary Organizations in Nature Conservation Initiatives: The Case of the EU-Funded LIFE Programme," Sustainability, MDPI, vol. 14(13), pages 1-28, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emmanuel O. Ogundimu, 2022. "Regularization and variable selection in Heckman selection model," Statistical Papers, Springer, vol. 63(2), pages 421-439, April.
    2. Alonso Movilla, Natalia & Zwolinski, Peggy & Dewulf, Jo & Mathieux, Fabrice, 2016. "A method for manual disassembly analysis to support the ecodesign of electronic displays," Resources, Conservation & Recycling, Elsevier, vol. 114(C), pages 42-58.
    3. Camila Guerrero-Pineda & Gwenllian D. Iacona & Louise Mair & Frank Hawkins & Juha Siikamäki & Daniel Miller & Leah R. Gerber, 2022. "An investment strategy to address biodiversity loss from agricultural expansion," Nature Sustainability, Nature, vol. 5(7), pages 610-618, July.
    4. Siburian, Matondang Elsa, 2021. "Fiscal Decentralization, Regional Income Inequality, and the Provision of Local Public Goods: Evidence from Indonesia," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 46(4), pages 87-103, December.
    5. Matondang Elsa Siburian, 2020. "Fiscal Decentralization, Regional Income Inequality, and the Provision of Local Public Goods: Evidence from Indonesia," Working Papers 2001, Waseda University, Faculty of Political Science and Economics.
    6. Tutz, Gerhard & Pößnecker, Wolfgang & Uhlmann, Lorenz, 2015. "Variable selection in general multinomial logit models," Computational Statistics & Data Analysis, Elsevier, vol. 82(C), pages 207-222.
    7. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," BCL working papers 90, Central Bank of Luxembourg.
    8. Giuliani, Elisa & Martinelli, Arianna & Rabellotti, Roberta, 2016. "Is Co-Invention Expediting Technological Catch Up? A Study of Collaboration between Emerging Country Firms and EU Inventors," World Development, Elsevier, vol. 77(C), pages 192-205.
    9. Margherita Giuzio, 2017. "Genetic algorithm versus classical methods in sparse index tracking," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 40(1), pages 243-256, November.
    10. Xu, Yang & Zhao, Shishun & Hu, Tao & Sun, Jianguo, 2021. "Variable selection for generalized odds rate mixture cure models with interval-censored failure time data," Computational Statistics & Data Analysis, Elsevier, vol. 156(C).
    11. Emmanouil Androulakis & Christos Koukouvinos & Kalliopi Mylona & Filia Vonta, 2010. "A real survival analysis application via variable selection methods for Cox's proportional hazards model," Journal of Applied Statistics, Taylor & Francis Journals, vol. 37(8), pages 1399-1406.
    12. Laxmi D. Bhatta & Sunita Chaudhary & Anju Pandit & Himlal Baral & Partha J. Das & Nigel E. Stork, 2016. "Ecosystem Service Changes and Livelihood Impacts in the Maguri-Motapung Wetlands of Assam, India," Land, MDPI, vol. 5(2), pages 1-14, June.
    13. Jarle Aarstad & Olav Andreas Kvitastein & Stig-Erik Jakobsen, 2019. "What Drives Enterprise Product Innovation? Assessing How Regional, National, And International Inter-Firm Collaboration Complement Or Substitute For R&D Investments," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(05), pages 1-25, June.
    14. Li, Chunyu & Lou, Chenxin & Luo, Dan & Xing, Kai, 2021. "Chinese corporate distress prediction using LASSO: The role of earnings management," International Review of Financial Analysis, Elsevier, vol. 76(C).
    15. Babigumira, Ronnie & Angelsen, Arild & Buis, Maarten & Bauch, Simone & Sunderland, Terry & Wunder, Sven, 2014. "Forest Clearing in Rural Livelihoods: Household-Level Global-Comparative Evidence," World Development, Elsevier, vol. 64(S1), pages 67-79.
    16. Ying Huang & Shibasish Dasgupta, 2019. "Likelihood-Based Methods for Assessing Principal Surrogate Endpoints in Vaccine Trials," Statistics in Biosciences, Springer;International Chinese Statistical Association, vol. 11(3), pages 504-523, December.
    17. António Afonso & José Alves, 2017. "Reconsidering Wagner’s law: evidence from the functions of the government," Applied Economics Letters, Taylor & Francis Journals, vol. 24(5), pages 346-350, March.
    18. Mkhadri, Abdallah & Ouhourane, Mohamed, 2013. "An extended variable inclusion and shrinkage algorithm for correlated variables," Computational Statistics & Data Analysis, Elsevier, vol. 57(1), pages 631-644.
    19. McLennan, D. & Sharma, R., 2012. "The Delivering Ecological Services Index (DESI)," Working papers 119, Rimisp Latin American Center for Rural Development.
    20. Ni, Xiao & Zhang, Hao Helen & Zhang, Daowen, 2009. "Automatic model selection for partially linear models," Journal of Multivariate Analysis, Elsevier, vol. 100(9), pages 2100-2111, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecoser:v:46:y:2020:i:c:s2212041620301583. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/ecosystem-services .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.