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Environmental compensation

Key conditions for increased and cost effective application

image of Environmental compensation

Environmental impacts are increasing due to human activities. The overuse of the benefits nature provides us is the direct result of our failure to put a price on these benefits. One way of addressing this is to require environmental compensation.

The purpose of the study is to provide Nordic Council of Ministers and national decision-makers with an overview of key conditions for increased, flexible and cost-effective application of compensation.

The study shows that for a relatively small cost society can make a significant investment in the provision of biodiversity and ecosystem services by requiring compensation.

The study outlines three main recommendations on how to increase the use of environmental compensation:

1. Stimulate supply of, and demand for, compensation

2. Clarify and supplement guidelines and legal framework

3. Strengthen Nordic cooperation on compensation

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Environmental compensation in the Nordic countries

The Convention on Biological Diversity (CBD) recognizes that the conservation of biological diversity is “a common concern of humankind” and is an integral part of the development process. The CBD states that conservation and sustainable use of biodiversity shall be attained through plans, programs, policies and legislation. A continued gradual degradation of biodiversity caused by human land use is not in line with the CBD.

English

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