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Towards a comparative and critical analysis of biodiversity banks

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  • Froger, Géraldine
  • Ménard, Sophie
  • Méral, Philippe

Abstract

The emergence of the concept of ecosystem services has triggered considerable discussion about the appropriate tools and institutional arrangements to provide ecosystem services. These tools include among others biodiversity “banks†that have been developed to provide biodiversity units or credits to offset environmental damage caused by economic development. So far, little attention has been focused on the design of offset schemes and on the variety of their institutional forms. The purpose of this article is to analyse the development of biodiversity banking, to evaluate its implementation to date in the light of various institutional arrangements and to summarise the outstanding theoretical and practical problems. This article distinguishes and maps different biodiversity banking mechanisms based on different characteristics, in particular statement content, ecosystem services assessment and the nature of biodiversity banking. Our mapping exercise differentiates several main categories of biodiversity banks: private non-commercial, private commercial, hybrid commercial, public commercial and public non-commercial. This article presents concrete illustrations from existing biodiversity banking systems (US, Australia, France and Germany) and then analyses advantages and limits of each mechanism (and its concrete example).

Suggested Citation

  • Froger, Géraldine & Ménard, Sophie & Méral, Philippe, 2015. "Towards a comparative and critical analysis of biodiversity banks," Ecosystem Services, Elsevier, vol. 15(C), pages 152-161.
    • Handle: RePEc:eee:ecoser:v:15:y:2015:i:c:p:152-161
    DOI: 10.1016/j.ecoser.2014.11.018
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    References listed on IDEAS

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    1. Dunford, Richard W. & Ginn, Thomas C. & Desvousges, William H., 2004. "The use of habitat equivalency analysis in natural resource damage assessments," Ecological Economics, Elsevier, vol. 48(1), pages 49-70, January.
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    3. Adeline Bas & Pascal Gastineau & Julien Hay & Harold Levrel, 2013. "Méthodes d'équivalence et compensation du dommage environnemental," Revue d'économie politique, Dalloz, vol. 123(1), pages 127-157.
    4. Nancy Lee Peluso, 2012. "What's Nature Got To Do With It? A Situated Historical Perspective on Socio-natural Commodities," Development and Change, International Institute of Social Studies, vol. 43(1), pages 79-104, January.
    5. Jones, Michael John, 2010. "Accounting for the environment: Towards a theoretical perspective for environmental accounting and reporting," Accounting forum, Elsevier, vol. 34(2), pages 123-138.
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    Cited by:

    1. Cole, Scott & Moksnes, Per-Olav & Söderqvist, Tore & Wikström, Sofia A. & Sundblad, Göran & Hasselström, Linus & Bergström, Ulf & Kraufvelin, Patrik & Bergström, Lena, 2021. "Environmental compensation for biodiversity and ecosystem services: A flexible framework that addresses human wellbeing," Ecosystem Services, Elsevier, vol. 50(C).
    2. van den Belt, Marjan & Stevens, Sharon M., 2016. "Transformative agenda, or lost in the translation? A review of top-cited articles in the first four years of Ecosystem Services," Ecosystem Services, Elsevier, vol. 22(PA), pages 60-72.

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