Purchase, protect, resell, repeat: an effective process for conserving biodiversity on private land?

Hardy, M, Fitzsimons, J, Bekessy, S and Gordon, A 2018, 'Purchase, protect, resell, repeat: an effective process for conserving biodiversity on private land?', Frontiers in Ecology and the Environment, vol. 16, no. 6, pp. 336-344.


Document type: Journal Article
Collection: Journal Articles

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Title Purchase, protect, resell, repeat: an effective process for conserving biodiversity on private land?
Author(s) Hardy, M
Fitzsimons, J
Bekessy, S
Gordon, A
Year 2018
Journal name Frontiers in Ecology and the Environment
Volume number 16
Issue number 6
Start page 336
End page 344
Total pages 9
Publisher John Wiley & Sons
Abstract Global conservation efforts are increasingly focused on expanding the amount of permanently protected private land, with the aim of preserving biodiversity. These efforts are often constrained by financial resources, particularly where land acquisition is expensive, or where landowners are reluctant to enter into conservation agreements. Purchase-protect-resale (PPR) programs are used by conservation organizations in a number of countries to facilitate the purchase, resale, and protection of private land. We conducted the first systematic review of the literature on PPR and collated information on its use around the world. In total, we found that funds exceeding US$384 million were available for PPR, and over 684,000 ha have been protected to date. We identify the unique attributes of this approach and the challenges of its implementation, and discuss its potential for protecting land unsuitable for other conservation approaches. Our analysis highlights the importance of selecting appropriate properties, and we suggest that insights from the economics literature could help to improve the effectiveness of PPR programs.
Subject Conservation and Biodiversity
Wildlife and Habitat Management
Environment Policy
Keyword(s) Revolving funds
conservation finance
covenant
easement
acquisition
privately protected areas
DOI - identifier 10.1002/fee.1821
Copyright notice © The Ecological Society of America
ISSN 1540-9309
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