Payments for nature values: market and non-market instruments

Payments for nature values: market and non-market instruments

A central element in the international negotiations on resource mobilization under the United Nations Convention on Biological Diversity (CBD) is to broaden the basis for financing the implementation of the convention. The issue of payments for nature values as resource mobilization is at the center of the controversy in these negotiations. The first Quito dialogue on biodiversity finance in 2012 clarified that international trading in biodiversity is more controversial than local and national markets in biodiversity values. Even though the Quito dialogue was not a platform for creating consensus, it was a common view, that a further study of the “financialization of nature” as a basis for making decisions on the use of market-based instruments for international financing of biodiversity was needed. The statement was reiterated at the second Quito dialogue in April 2014.