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United Nations Environment Programme (UNEP) and Green Finance Institute partner on podcast series for nature ahead of COP27

Frontiers | Estimating Benefits of Nature-based Solutions: Diverging Values From Choice Experiments With Time or Money Payments

Institute for Environmental Studies (IVM), Vrije Universiteit, Amsterdam, Netherlands Nature-based solutions (NBS) provide a promising means to a climate resilient future. To guide investments in NBS, stated preference studies have become a common tool to evaluate the benefits of NBS in developing countries. Due to subsistence lifestyles and generally lower incomes, SP studies in developing countries increasingly use time payments as an alternative to the traditionally implemented money payments. It remains unclear, however, how time values should be converted into money values, how the payment affects willingness to pay (WTP) estimates, and how this influence varies across settings with different levels of market integration. We compare the results of choice experiments that use either time or money payments and that are implemented in urban and rural Ghana. The choice experiments target to value different NBS aimed at erosion prevention and other ecosystem service benefits along t

Media statement: Global Biodiversity Framework draft text - A solid starting point for the critical negotiations to come

The Secretariat of the United Nations Convention on Biological Diversity (CBD) today published the draft negotiating text for its new Global Biodiversity Framework (GBF) – the crucial ‘New Deal for Nature’ that will replace the expired 2020 Aichi Targets and, it is hoped, provide a transformational overhaul for international efforts to arrest and reverse the ongoing environmental crisis, effectively doing for nature what the Paris Agreement is intended to do for climate change. Commenting on the draft GBF text ahead of the next round of Open-Ended Working Group (OEWG) negotiations, The Nature Conservancy’s global biodiversity policy lead Linda Krueger said: “We’re heartened to note the strong progress made on the draft GBF negotiating text since the publication of the Zero Draft version back in January 2020.  Clearly the co-chairs have been listening carefully to the consultations and have strengthened and clarified the text accordingly. 

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