In the previous video, Ralph Chami introduced how we can design nature markets. In this video, he continues this discussion by providing some potential actions that governments can take for the effective implementation of nature markets. He also discusses some policy recommendations that they can take to help.
In the previous video, Ralph Chami introduced how we can design nature markets. In this video, he continues this discussion by providing some potential actions that governments can take for the effective implementation of nature markets. He also discusses some policy recommendations that they can take to help.
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6 mins 15 secs
Moving towards sustainable natural markets is a global collective effort. Governments must fund research on environmental services, invest in ecosystem-monitoring technology, and incorporate natural assets into national economic equations. Recognising the legal rights of nature, focusing on valuing ecosystem services over trading assets, and fostering transparent mechanisms for environmental service trades are essential. Collaboration with Indigenous Peoples and Local Communities in conservation and restoration efforts, as well as the creation of endowments for the continuous protection of natural assets, are pivotal. Adoption of these recommendations will form a sustainable nature market, aligning economic goals with environmental preservation.
Key learning objectives:
Outline potential government actions for the effective implementation of nature markets
Outline corresponding policy recommendations governments can take to help with the implementation of nature markets
Access this and all of the content on our platform by signing up for a 14-day free trial.
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