A new market instrument for sustainable economic and environmental development

Hansell, R.I.C.; Hansell, T.M.; Fenech, A.

Environmental Monitoring and Assessment 86(1-2): 203-209

2003


ISSN/ISBN: 0167-6369
PMID: 12859007
DOI: 10.1023/a:1024019121567
Document Number: 324067
The regenerative capacity of ecosystems provides a regulatory basis for sustainable economic growth and development. A natural valuation of an ecosystem's services will arise in a market for developmental rights in the ecosystem using a unit of tradable 'right': E-Scrip. The amount of e-scrip needed for a development may be set by Environmental Assessment. The capacity of the ecosystem to regenerate with developmental pressure may be represented by an independent trader or Factor Proxy for the Environment who provides e-scrip to the market.

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