scholarly journals Optimal Budget Allocations for Protected Area Acquisition To Store Carbon in a Local Community Under Economic Growth Uncertainty

2020 ◽  
Vol 49 (2) ◽  
pp. 209-236
Author(s):  
Bijay P. Sharma ◽  
Seong-Hoon Cho ◽  
Chad M. Hellwinckel

We analyze optimal budget allocations to acquire protected areas for carbon storage while balancing risk and return from protection under economic growth uncertainty in a local community. Our study is the first to explore how risk of uncertain economic growth affects cost of protected area acquisition using real estate values at the parcel level, enabling us to estimate the site-specific opportunity cost of carbon storage. The Pareto optimal trade-off frontier between the expected carbon storage benefit and its variance provides a continuum of risk-return combinations. The pattern of the trade-off relationship implies that risk mitigation is less costly in terms of foregone expected benefit when risk is higher than when it is lower. Our results also find that the difference in cluster-specific budget allocations between the strong economic growth scenario and the weak economic growth scenario subsequently decreases between the point of expected benefit maximization and the point of variance minimization. Our findings of optimal hectares of land for protected area acquisition for carbon storage and corresponding benefits and costs serve as an empirically informed knowledge base to help a local community prioritize acquisition of potential protected areas for carbon storage under economic growth uncertainty.

Author(s):  
Haile Zerfu Munaw

Protected areas (PAs) are designated areas that are protected because of their environmental, cultural, or other worth. It plays a vital role in biodiversity conservation. Ethiopia has more many PAs, which cover 17.1% of the nation, protected to gain benefits for livelihoods at the local, regional and country level but the value obtained from the protected areas is very low. An effective conservation of management practice for protected areas is one of the selected approach to make the harmony relationship between PAs and the local community in a given ecosystem. However, its practical implementation in protected areas through community method is the major challenge in Ethiopia. This study described the main opportunities and challenges of Ambatara protected Area (APA), Sede Muja District, Ethiopia. Data were collected and organized by the household survey, key informant interview, field observation and focused group discussion (FGD) methods using both primary and secondary data sources in the form of qualitative, quantitative, or both from July 2019 to September 2019. The results were explained the socioeconomic, opportunities and challenges. The establishment of community-based PA management in Ethiopia, proclamation and regulations of wildlife managements of Ethiopia, and natural recovery ability of the area were its potential opportunities whereas, local community -wildlife conflict, conflicting between the APA management & local community, inadequate coordination among stakeholders, and challenges & threats of APA were the main challenges of APA conservation. KEYWORDS: APA, opportunities and challenges, local community, PA


Author(s):  
Nguyen Hoang Nam ◽  
Hoang Thi Hue ◽  
Nguyen Thi Bich Phuong

Traditional economic development often faces the trade-off between economic growth and environmental quality.  That is because of the linear approach, which relies on resource exploitation to make products, consumption and then dispose, resulting in natural resource degradation and waste increase. Circular economy is a change approach, towards restoration and regeneration, thereby reducing the dependence on natural resources and limiting emission, while not underestimating economic development. This paper conducts an in-depth analysis of the difference between the linear economy and circular economy. Moreover, it discusses the necessity of the transition from the linear economy to circular economy, which has recently become a trend in many countries around the world.


2015 ◽  
Vol 370 (1681) ◽  
pp. 20140270 ◽  
Author(s):  
Paul J. Ferraro ◽  
Robert L. Pressey

Success in conservation depends on our ability to reduce human pressures in areas that harbour biological diversity and ecosystem services. Legally protecting some of these areas through the creation of protected areas is a key component of conservation efforts globally. To develop effective protected area networks, practitioners need credible, scientific evidence about the degree to which protected areas affect environmental and social outcomes, and how these effects vary with context. Such evidence has been lacking, but the situation is changing as conservation scientists adopt more sophisticated research designs for evaluating protected areas' past impacts and for predicting their future impacts. Complementing these scientific advances, conservation funders and practitioners are paying increasing attention to evaluating their investments with more scientifically rigorous evaluation designs. This theme issue highlights recent advances in the science of protected area evaluations and explores the challenges to developing a more credible evidence base that can help societies achieve their goals of protecting nature while enhancing human welfare.


2021 ◽  
Vol 12 (1) ◽  
pp. 32-38
Author(s):  
Novice Patrick Bakehe ◽  
Roukiya Hassan

In a world increasingly subject to climate change, protected areas are of particular importance for conserving biodiversity and human livelihoods. Therefore, they play an important role in helping many species, populations, and countries adapt to climate change. This paper analyzes the effects of economic growth on the evolution of the protected areas. The study examines this relation using a sample of nine countries of the Congo Basin from 1990 to 2010. The econometric results show that an increase in the Gross Domestic Product (GDP) per capita has a positive impact on the extent of the protected area in this region regardless of the model chosen. Therefore, economic growth is a means used for the preservation of biodiversity in the Congo Basin. Moreover, the population density is negative and statistically significant. This shows that the protected areas of the Congo Basin are particularly threatened in densely populated areas.


2020 ◽  
Vol 18 ◽  
pp. 37-46
Author(s):  
Kanis Saengchote

Real estate amenities can create both benefits and costs to local community, which economists call externalities. Quantification of externalities is challenging because of potential endogeneity problems that render simple statistical analyses inaccurate, necessitating the use of a more rigorous econometric technique. Exploiting store expansion activities of Whole Foods Market to infer the causal impact of the Whole Foods Effect using the difference-in-differences strategy, we find that property prices within 0.5 mile of a new Whole Foods Market store increase on average by 6.7% after a new store opens.


2018 ◽  
pp. 5-29 ◽  
Author(s):  
L. M. Grigoryev ◽  
V. A. Pavlyushina

The phenomenon of economic growth is studied by economists and statisticians in various aspects for a long time. Economic theory is devoted to assessing factors of growth in the tradition of R. Solow, R. Barrow, W. Easterly and others. During the last quarter of the century, however, the institutionalists, namely D. North, D. Wallis, B. Weingast as well as D. Acemoglu and J. Robinson, have shown the complexity of the problem of development on the part of socioeconomic and political institutions. As a result, solving the problem of how economic growth affects inequality between countries has proved extremely difficult. The modern world is very diverse in terms of development level, and the article offers a new approach to the formation of the idea of stylized facts using cluster analysis. The existing statistics allows to estimate on a unified basis the level of GDP production by 174 countries of the world for 1992—2016. The article presents a structured picture of the world: the distribution of countries in seven clusters, different in levels of development. During the period under review, there was a strong per capita GDP growth in PPP in the middle of the distribution, poverty in various countries declined markedly. At the same time, in 1992—2016, the difference increased not only between rich and poor groups of countries, but also between clusters.


2014 ◽  
Vol 76 ◽  
pp. 15-23
Author(s):  
Barrie J. Wills

A warm welcome to our "World of Difference" to all delegates attending this conference - we hope your stay is enjoyable and that you will leave Central Otago with an enhanced appreciation of the diversity of land use and the resilient and growing economic potential that this region has to offer. Without regional wellbeing the national economy will struggle to grow, something Central Government finally seems to be realising, and the Central Otago District Council Long Term Plan 2012-2022 (LTP) signals the importance of establishing a productive economy for the local community which will aid in the economic growth of the district and seeks to create a thriving economy that will be attractive to business and residents alike. Two key principles that underpin the LTP are sustainability and affordability, with the definition of sustainability being "… development that meets the needs of the present without compromising the ability of future generations to meet their own needs."


Author(s):  
Taylor F Brinkman

During the past decade, forty-six professional sports venues were constructed in the United States, while only 16 expansion teams were created by the major sports leagues. Nearly two thirds of these newly built stadiums and arenas were funded with public tax revenues, despite substantial evidence showing no positive economic impact of new sports stadium construction on local communities. In reviewing the economic literature, this article investigates the role of professional sports organizations in the construction and public subsidization of new sports venues. Franchise relocation and public stadium subsidization is a direct result of the monopoly power of professional sports leagues, whose franchise owners extract large subsidies from their host communities by threatening to relocate to viable alternative locations. After explaining how the most common methods of stadium subsidization project a disproportionate allocation of the benefits and costs of hosting a professional team to local community interests, this article outlines several considerations for local policymakers who seek to reinvigorate public discussion of equity concerns in professional sports finance.


2018 ◽  
Vol 52 (1) ◽  
pp. 101-121 ◽  
Author(s):  
V. M. Kotkova

The paper provides the data on aphyllophoroid fungi of the State Nature Reserve «Kurgalsky» situated in the Kingisepp District of the Leningrad Region. The list includes 285 species annotated by data on their habitats, substrates and frequency. In total 25 species protected in the Leningrad Region and 3 species protected in Russian Federation were found in the protected area. Chaetodermella luna, Phlebia subochracea and Trechispora stevensonii are published for the first time for the Leningrad Region. The specimens of selected species are kept in the Mycological Herbarium of the Komarov Botanical Institute RAS (LE).


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