Markets in Biodiversity Offsets
ABSTRACT We outline the key features of markets for biodiversity offsets as a promising economic instrument to incentivise conservation on farmland. Following a review of the main advantages of the approach, we summarise the results of empirical investigations of four key design features of such markets: the metric, the exchange rate, the regulatory target and geographic scope.
Authors
- Nick D. Hanley (ORCID: https://orcid.org/0000-0002-1362-3499)
- Katherine Simpson (ORCID: https://orcid.org/0000-0003-2487-2033)
Institutions
- University of Glasgow (GB)
Publication Details
- Journal
- Australian Journal of Agricultural and Resource Economics
- Published
- 2025-05-09
- DOI
- https://doi.org/10.1111/1467-8489.70027
- Primary Topic
- Environmental Conservation and Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00