Guest article for BIOECON newsletter

Research over the last two decades has shown that human influences on global life support systems have reached a magnitude unprecedented in human history. On the one hand, pro-growth economic policies have encouraged rapid accumulation of manufactured goods and technological innovations, and resulted in increased human prosperity in many parts of the world. On the other hand, overexploitation of the world’s stock of natural wealth on the global scale has increasingly detrimental impacts on the wellbeing of present generations, leading to a broadening ecological crisis and ever widening social disparities. Concomitantly, the conventional development models also present tremendous risks and challenges for future generations.

Non-market motivations in biodiversity economics and governance (pdf)