Incentives for conservation and the environment

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Often change is difficult to achieve by simply estimating and conveying the economic value associated with ecosystems. One needs to also explore ways of ‘capturing’ or ‘monetising’ values in order to create appropriate incentive structures to achieve. For example, biodiversity offsets can be used to counter-act decreased benefits, payments for ecosystem services (PES) schemes can create incentives for conservation or measures can be designed to support the polluter pays principle.

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