The Role of Biodiversity and Ecosystems in Sustainable Development
Biologically diverse ecosystems in countries served by the World Bank provide an array of valuable economic services. While the benefits of conserving ecosystems frequently outweigh the costs, conversion of these ecosystems to other uses occurs any...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/564131468182647339/The-role-of-biodiversity-and-ecosystems-in-sustainable-development http://hdl.handle.net/10986/27584 |
Summary: | Biologically diverse ecosystems in
countries served by the World Bank provide an array of
valuable economic services. While the benefits of conserving
ecosystems frequently outweigh the costs, conversion of
these ecosystems to other uses occurs anyway, because many
ecosystem benefits are of a public good nature, without
markets that would reflect their real value. The objective
of this paper was defined at a Concept review meeting held
on December 2009 and is to increase the understanding on how
biodiversity is incorporated in a development agency such as
the World Bank Group (WBG) and how the WBG can enhance its
role in biodiversity and ecosystems protection and
management as a key ingredient to reach development
sustainability. In order to define a reasonable strategy to
prepare this paper, two approaches were used: the first was
to carry out background and analytical studies, and the
second was to consult with a wide range of stakeholders
including Bank staff, Non-Governmental Organizations (NGOs),
and indigenous groups. Biodiversity provides many
instrumental benefits, from food and fuel to recreation. But
even where biodiversity is not immediately instrumental, it
represents global public goods that must be protected, if
only for their potential value in the future. The Global
Environment Facility (GEF) has been the mainstay of grants
implemented by the Bank ($1.4 billion) for biodiversity
conservation and management, but the Bank has itself
committed $2 billion in loans and has leveraged $2.9 billion
in co-financing. |
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