Investing in nature: Unpacking trends and gaps in biodiversity finance research

Document Type

Article

Source of Publication

Development and Sustainability in Economics and Finance

Publication Date

12-1-2024

Abstract

Biodiversity finance research is crucial for addressing the global biodiversity crisis, understanding the economic significance of biodiversity, and achieving sustainable development goals. This paper presents a systematic review of biodiversity finance research, analyzing 141 articles published between 2010 and 2023. The study reveals a growing interest in the field. Five major thematic clusters were identified: payments for ecosystem services (PES), biodiversity offsets, conservation finance, green bonds, and sustainable tourism. Emergent research trends focus on innovative financing mechanisms, social dimensions, and long-term effectiveness. This study contributes significantly to developing effective and sustainable solutions for biodiversity conservation after addressing the identified research gaps and fostering collaboration across disciplines and regions. The study provides valuable insights for researchers, policymakers, and conservation practitioners in understanding the current state of knowledge and future directions in biodiversity finance research.

ISSN

2950-5240

Publisher

Elsevier

Volume

2

First Page

100023

Last Page

100023

Disciplines

Business | Sustainability

Keywords

Biodiversity finance, Payments for ecosystem services, Conservation finance, Green bonds, Sustainable tourism

Indexed in Scopus

no

Open Access

no

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