Conservation at the National Level
Since the 1993 Convention on Biological Diversity, nation-states have asserted sovereign rights over all biological resources within their boundaries. Chapter 13 reviews the policies and instruments applied by governments to the conservation of natural capital in areas of national jurisdiction. Measures addressed include the assignment of property rights in biological resources; protective legislation; environmental offsets; incentive systems including taxes, subsidies, and payments for ecosystem services; and penalties. Particular attention is paid to common pool resource management regimes, legal restrictions on land use such as the US Endangered Species Act, biodiversity offsets, and payment systems such as the EU and US agri-environment schemes.