Biological diversity is a central component of the stock of natural capital on which all economic development is based. Other things being equal, loss of biologically diversity implies loss of development potential, and its conservation through sustainable use or outright protection implies the protection of that potential. One characteristics of biodiversity loss of especial importance is that biodiversity loss, more than any other current environmental problem, is associated with ecological threshold effects. The paper explores the implication of this characteristics for the properties of a biodiversity conservation strategy.
ASJC Scopus subject areas
- Economics and Econometrics
- Management, Monitoring, Policy and Law