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This paper attempts to assess and evaluate some of the economic implications of the Convention on Biological Diversity. After outlining the main principles and the scope of this Convention, the following issues are addressed: the determination of the 'optimal' level of biodiversity loss, the meaning of incremental costs, and monetary evaluation problems of ecological resources and the problems it poses for the funding mechanism (GEF). The paper concludes with a discussion of the issues of commercialisation and access to genetic resources.
Environmental Values is an international peer-reviewed journal that brings together contributions from philosophy, economics, politics, sociology, geography, anthropology, ecology and other disciplines, which relate to the present and future environment of human beings and other species. In doing so we aim to clarify the relationship between practical policy issues and more fundamental underlying principles or assumptions.
Environmental Values has an impact factor (2011) of 1.467.