An Assessment of Biodiversity Offsets and Mitigation Actions

Case studies on mining, energy and paper and pulp sectors in India

Authored by: Tania Bhattacharya , Shunsuke Managi

The Routledge Handbook of Environmental Economics in Asia

Print publication date:  March  2015
Online publication date:  February  2015

Print ISBN: 9780415656450
eBook ISBN: 9781315746289
Adobe ISBN: 9781317597872

10.4324/9781315746289.ch20

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Abstract

Biodiversity loss could be considered as one of the greatest economic problems of this century. First, it is economic growth and industrial development which causes large biodiversity loss and damages to the ecosystem. The rapid growth of the population from around two billion in 1900 to more than seven billion by 2010, along with a massive increase in income and corresponding resource consumption, already has affected earth’s natural ecosystems severely (Helm and Hepburn, 2012). Second, loss of biodiversity and ecosystems may significantly reduce future productivity of the economy as well. In other words, businesses are intimately linked with biodiversity and ecosystem services in two basic ways. First, they impact ecosystems and services though their activities. Second, the survival of all businesses, irrespective of sectors, depends on biodiversity and ecosystem services as inputs to their production(Hansonet, 2012).

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