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Chapter
The green financing of ecosystem restoration
DOI link for The green financing of ecosystem restoration
The green financing of ecosystem restoration book
The green financing of ecosystem restoration
DOI link for The green financing of ecosystem restoration
The green financing of ecosystem restoration book
ABSTRACT
An important consideration is that the introduction of new methods and tools to financially quantify ecosystem services carries the risk of distorting how society appreciates the natural environment through a purely economic outlook that displaces legitimate ethical, aesthetic, and cultural considerations. Financialisation also risks transferring the ownership or control of critical natural resources into private hands, typically business corporations, thereby potentially limiting public oversight of their management. This chapter explores the concept of green finance as a means to mobilise financial resources for ecological restoration purposes. It discusses several offsetting mechanisms, such as biodiversity offsetting, wetland banking, payments for ecosystem services, and cap-and-trade mechanisms. The chapter talks about some reflections on the opportunities and bottlenecks entangled in the green financing of ecosystem restoration. As an illustration of the different costs involved in a restoration project, three major phases can be distinguished: planning, construction, and post-construction monitoring.