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Economics and the conservation of global biological diversity (Английский)

This paper explores the relationship between economics and biodiversity conservation with minimal recourse to jargon, making the issue accessible even to the non-economist. It deals with the concepts of cost and benefit as they apply to biodiversity. Since biodiversity is an area where no clear measure of benefits exists, the process of project selection for a financial mechanism such as the Global Environment Facility (GEF) becomes especially complex...
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