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dc.contributor.authorCanning, Adam D
dc.contributor.authorJarvis, Diane
dc.contributor.authorCostanza, Robert
dc.contributor.authorHasan, Syezlin
dc.contributor.authorSmart, James CR
dc.contributor.authorFinisdore, John
dc.contributor.authorLovelock, Catherine E
dc.contributor.authorGreenhalgh, Suzie
dc.contributor.authorMarr, Helen M
dc.contributor.authorBeck, Michael W
dc.contributor.authorGillies, Christopher L
dc.contributor.authorWaltham, Nathan J
dc.date.accessioned2021-07-26T01:22:19Z
dc.date.available2021-07-26T01:22:19Z
dc.date.issued2021
dc.identifier.issn2590-3322
dc.identifier.doi10.1016/j.oneear.2021.06.006
dc.identifier.urihttp://hdl.handle.net/10072/406303
dc.description.abstractWetlands provide ∼$47.4 trillion/year worth of ecosystem services globally and support immense biodiversity, yet face widespread drainage and pollution, and large-scale wetlands restoration is urgently needed. Payment for ecosystem service (PES) schemes provide a viable avenue for funding large-scale wetland restoration. However, schemes around the globe differ substantially in their goals, structure, challenges, and effectiveness in supporting large-scale wetland restoration. Here, we suggest wetland-based PES schemes use common asset trusts (CATs) to build investment portfolios of wetlands across landscapes that sustain and enhance overall provision of multiple ecosystem services. CATs can meet the needs of multiple investors, permit bundled payments, and provide flexibility to invest in the restoration of numerous services/values, all using a coordinated, highly collaborative, prioritized, and transparent process. CATs would support financial viability, facilitate efficiency to reduce administrative burdens, and enable credibility and social licence building to restore wetland values and services globally.
dc.description.peerreviewedYes
dc.description.sponsorshipReef and Rainforest Research Centre
dc.languageen
dc.publisherElsevier BV
dc.relation.ispartofpagefrom937
dc.relation.ispartofpageto950
dc.relation.ispartofissue7
dc.relation.ispartofjournalOne Earth
dc.relation.ispartofvolume4
dc.subject.fieldofresearchEnvironmental sciences
dc.subject.fieldofresearchEarth sciences
dc.subject.fieldofresearchcode41
dc.subject.fieldofresearchcode37
dc.titleFinancial incentives for large-scale wetland restoration: Beyond markets to common asset trusts
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationCanning, AD; Jarvis, D; Costanza, R; Hasan, S; Smart, JCR; Finisdore, J; Lovelock, CE; Greenhalgh, S; Marr, HM; Beck, MW; Gillies, CL; Waltham, NJ, Financial incentives for large-scale wetland restoration: Beyond markets to common asset trusts, One Earth, 2021, 4 (7), pp. 937-950
dcterms.licensehttps://creativecommons.org/licenses/by/4.0/
dc.date.updated2021-07-24T03:17:48Z
dc.description.versionVersion of Record (VoR)
gro.rights.copyright© 2021 The Author(s). Published by Elsevier Inc. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorHasan, Syezlin B.
gro.griffith.authorSmart, Jim C.


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