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Theme meeting: February 25, 2019

Ecological compensation and financing of sustainable development
The SDGs are to be accomplished by 2030 and estimates indicate that over the next 15 years US$6 to $7 trillion in annual investment will be needed globally to reach a global transition to an environmentally sustainable economy. Achieving the United Nations Sustainable Development Goals will thus require that governments around the world turn to the private sector as a source of new investment for green development projects. Ecological compensation where credits generated by environmental projects serve as a compliance instrument for regulated industries have emerged as a tool to mobilize private investments. Ecological compensation includes markets where pollution is traded (e.g., the Clean Development Mechanism under the Kyoto Protocol) as well as markets for ecosystem services, as for instance, biodiversity offsets that are traded based on the premise that impacts from development can be compensated for if sufficient habitat can be protected, enhanced or established elsewhere.

finance

The meeting will focus on the role of ecological compensation as a tool to leverage new financial resources in the pursuit of environmental protection, and on the regulatory and ecological challenges connected to ecological compensation. Practical experience with ecological compensation will be also discussed.

Presentations (20 minutes each)

-PDF iconSustainable Development Goals and the development of green markets (Jessica Coria)
-PDF iconAssessing Socio-economic and Ecological impacts of Ecological Compensation (Mark Brady)
-Ecological Challenges of Ecological compensation (Yann Clough)

PDF iconDiscussion led by Jessica Coria and notes taken by Cecilia Akselsson