Biodiversity finance: A call for research into financing nature

G. Andrew Karolyi; John Tobin‐de la Puente

doi:10.1111/fima.12417

journal article Mar 02, 2023

Biodiversity finance: A call for research into financing nature

G. Andrew Karolyi John Tobin‐de la Puente

Financial Management Vol. 52 No. 2 pp. 231-251 · Wiley

View at Publisher Save 10.1111/fima.12417

Abstract

AbstractBiodiversity conservation will supersede climate change risk mitigation and adaptation as the next grand challenge for sustainable finance. Closing the financing gap between what is currently spent and what is needed to be spent over the next 10 years to mobilize private investment to maintain ecosystem integrity and biodiversity, and the services they provide, is estimated to exceed hundreds of billions per year. Yet there are no studies in the top tier journals in finance that have framed the risks related to biodiversity loss, how those risks might be priced, or how the private financing flows need to be intermediated. We lay out one framework and outline important open research questions for financial economists to pursue.

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Citations

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References

Details

Published: Mar 02, 2023
Vol/Issue: 52(2)
Pages: 231-251
License: View

Authors

G

G. Andrew Karolyi

Cornell SC Johnson College of Business Cornell University Ithaca New York USA

J

John Tobin‐de la Puente

Charles H. Dyson School of Applied Economics and Management, Cornell SC Johnson College of Business and College of Agriculture and Life Sciences Cornell University Ithaca New York USA

Cite This Article

G. Andrew Karolyi, John Tobin‐de la Puente (2023). Biodiversity finance: A call for research into financing nature. Financial Management, 52(2), 231-251. https://doi.org/10.1111/fima.12417

Biodiversity finance: A call for research into financing nature

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