Download e-book for kindle: Accounting for Biodiversity by Michael Jones

By Michael Jones

‘Biodiversity’ at its least difficult, refers back to the number of species inhabiting Planet Earth. it really is necessary to the health of the planet. there's now a systematic consensus round the present ongoing concern in biodiversity coming up from either weather switch and human actions. specialists think we're in the course of a mass extinction of biodiversity with devastating effects for our planet.

Accounting for Biodiversity

explores the necessity for corporations to actively defend, preserve and enhance biodiversity inside of their sphere of operation. The 14 chapters written by means of a particular group of specialists examine the ways that businesses are embracing their accountability via numerous biodiversity tasks and leading edge versions designed to enhance the recording, reporting and valuing of biodiversity. international case experiences examine biodiversity accounting in Africa, Asia, Australasia, Europe and South the US. total, this booklet offers a finished set of reflections on accounting for biodiversity and proposals for the longer term.

This publication is vital studying for all these attracted to the contribution that accounting could make to the protection of biodiversity. As we see expanding wisdom of the significance of sustainability and ecological accountability in company job it's suitable and will end up informative to scholars, managers, accountants and people in enterprise extra ordinarily. it's also vital for all these attracted to protecting biodiversity.

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In order for ownership of the biodiversity conservation project’s quantified output to be transferred, that output must be transformed into a thing that can then be detached from this world of conservation. This is achieved by combining the quantified conservation output with the quantified measures of carbon stocks in order to extract a result that expresses the conservation in terms of GHG reductions. This result is a new entity – an objectified thing – that can be detached from its origins in biodiversity conservation such that ownership of it can be transferred elsewhere.

The project was implemented in two phases. Phase 1 covered only the Rukinga Sanctuary, which is owned directly by Wildlife Works. To finance the setting up of the project, Wildlife Works Carbon LLC entered into an agreement with a banking group based in South Africa called Nedbank. Nedbank position themselves as innovators in developing Africa’s green economy. They invite their clients to “Improve your profitability the green way” (Nedbank, 2012b) as well as declaring that “You too can make things happen for the environment and climate change by simply banking with us” (Nedbank, 2012c).

The values of these standard multipliers, the design of the classification system, and the classifying of any particular forest as falling into a particular class, all then become matters of controversy and negotiation. The Kasigau Corridor REDD project constructed a calculable good on the OTC carbon markets. The demand on such markets comes from companies that want to voluntarily offset their GHG emissions. Such markets could never produce enough demand to support REDD on a scale large enough to finance the conservation of a globally significant area of tropical forest.

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