Regulation, the hybrid market, and species conservation: The case of conservation banking in California.

ABSTRACT: Conservation Banking in California is a long-established offset program. Banks are hybrid instruments that hover between market autonomy and regulatory oversight. Challenges that may affect outcomes of the program include aligning regulation with the scales and objectives of the hybrid market and conservation and interaction with other compensation instruments. I use an analytical framework combining social-ecological fit (does the regulation fit the spatial, functional, and temporal scales of the market or conservation?) and instrument interaction (are compensation instruments redundant, synergetic, etc.?) to analyze the institutional framework of the conservation banking program. Results show that the program fails to reflect the hybrid market or species conservation objectives, creating

SUBMITTER: Grimm M 

PROVIDER: S-EPMC9989116 | biostudies-literature | 2023 Apr

REPOSITORIES: biostudies-literature