首页|Timing land protection to exploit favorable market conditions
Timing land protection to exploit favorable market conditions
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NSTL
Elsevier
Expanding the coverage of reserve networks is critical for halting declines in biodiversity. Opportunities for land protection are driven in part by market dynamics, which affect conservation budgets, land acquisition costs, and the threat of habitat conversion. The financial and institutional characteristics of conservation organizations may lead to them having distinct patterns of acquisition timing in relation to market conditions. We examined how trends in wider economic conditions and in markets for natural resources and land development impact the effectiveness of different land acquisition patterns through time using a simulation. We found that organizations with patterns of acquisition timing that result in more acquisitions when returns from undeveloped land-use are low, when returns from developed land-use are high, or when the wider economy is doing well often yielded greater conservation benefits through land acquisitions. These acquisition patterns reflect different business models; for example, organizations funding acquisitions with mitigation funds from development projects will tend to make acquisitions when the development market is doing well, while those relying on philanthropic donations may tend to acquire when overall economy is doing well. We also found that how advantageous different acquisition timing patterns will prove is moderated by relationships between relevant markets and by the level of budgetary flexibility of conservation organizations. Our results suggest conservation organizations operating different business models may be better suited to delivering conservation benefits in particular locations and economic environments. Our findings also suggest financial strategies conservation organizations can implement to increase the effectiveness of their land protection.
NSTL
Elsevier
