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Finance of Biodiversity

Author

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  • Corina-Georgeta DINCULESCU

    (Institute of Agricultural Economics, Romanian Academy, Bucharest)

Abstract

The 2030 Agenda for Sustainable Development, adopted at the UN General Assembly in New York in 2015, then implemented by the European Union, respectively by Romania (through Romania’s Sustainable Development Strategy 2030), is a historic document, through its 17 goals, which promotes a sustainable future for all citizens. Structured on the three pillars of sustainable development – economic, social and environmental – it highlights one of the priorities of global sustainable development and a major concern of our time – environmental protection. Two of the Sustainable Development Goals of the 2030 Agenda – life on land and life in water – are found in the EU’s Biodiversity Strategy for 2030. This strategy is the cornerstone of nature protection in the EU, a key element of the European Green Deal. Biodiversity is disappearing at an unprecedented rate, with biodiversity loss and ecosystem collapse among the most important threats that humanity will face in the next decade. In this context, the EU member states must establish a series of commitments, objectives and appropriate specific measures to preserve the environment, substantially increase the allocation of financial resources necessary to achieve these objectives, so as to stop the loss of biodiversity. The objective of this approach is to highlight some aspects related to private and public financing for the protection of the environment and of biodiversity in Romania, based on statistical data. Evaluating public data sources, national concerns regarding the protection of the environment and biodiversity are highlighted, through specific indicators: national expenditures and investments for the protection of the environment, of biodiversity respectively, by categories of environmental services producers, by environmental domains, at European and national level

Suggested Citation

  • Corina-Georgeta DINCULESCU, 2023. "Finance of Biodiversity," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 20(2), pages 155-164.
  • Handle: RePEc:iag:reviea:v:20:y:2023:i:2:p:155-164
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    More about this item

    Keywords

    environment; financial resources; biodiversity conservation;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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