The countries of the world agreed: Our planet needs more protection from human activity. And with the globe facing an assortment of environmental crises, they realized the plan needed to be ambitious. Thirty-by-thirty was their proposal: protect 30% of the planet by 2030. But while conservation is popular in principle, the costs of actually enacting it often stall even the most earnest efforts.
"At the same time," he added,"a lot of research had already shown that if you could get nations to cooperate around conservation, you could substantially reduce the costs of conserving." He and his co-authors realized the world needed an institution, policy or framework that could support this.The cost of protecting acres of ocean is not the only aspect that differs from place to place. The ecological benefits of conservation also vary based on location.
"For example, Norway, which has valuable fisheries, might pay Palau, a country that has already invested significantly in coastal conservation, to conserve additional areas on Norway's behalf," Costello said. This enables Norway to fulfill its conservation obligations in another part of the world.
Savings were highest in a global market, where every nation stands to gain from trade. But a global market could inadvertently focus conservation efforts on only a single type of habitat, neglecting others. That was precisely why the team introduced the trade bubble constraint.
Source: News Formal (newsformal.com)
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