Environmental Compensation: Key Conditions for Increased and Cost Effective Application

October 2015
Authors: 
Anders Enetjärn, Scott Cole, Matleena Kniivilä, Svein Erik Hårklau
Source: 
Nordic Council of Ministers

Environmental impacts are increasing due to human activities. The overuse of the benefits nature provides us is the direct result of our failure to put a price on these benefits. One way of addressing this is to require environmental compensation.

This study provides an overview of key conditions for increased, flexible and cost-effective application of compensation. It shows that for a relatively small cost, society can make a significant investment in the provision of biodiversity and ecosystem services by requiring compensation.

The study outlines three main recommendations on how to increase the use of environmental compensation: stimulating supply of, and demand for compensation; clarifying guidelines and legal framework; and strengthening Nordic cooperation on compensation.

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