n South African Journal on Human Rights - Payment for ecosystem services versus ecological reparations : the 'Green Economy', litigation and a redistributive eco-debt grant
|Article Title||Payment for ecosystem services versus ecological reparations : the 'Green Economy', litigation and a redistributive eco-debt grant|
|© Publisher:||Juta Law Publishing|
|Journal||South African Journal on Human Rights|
|Affiliations||1 World Policy Institute, 2 Environmental Justice Trade and Liabilities and 3 University of KwaZulu-Natal|
|Publication Date||Jan 2013|
|Pages||144 - 169|
|Keyword(s)||Basic Income Grant (BIG), Ecological debt, Ecosystem services and Reparations|
ISI Social Science
Since the December 2011 United Nations Framework Convention on Climate Change Conference of the Parties 17 in Durban and the Rio+20 Summit on Sustainable Development, attention has turned to whether the 'Green Economy', the concept of 'natural capital' and 'Payment for Ecosystem Services' together facilitate the management of new environmentally-financialised markets whose aim is to price nature and its pollution, so as to achieve maximally efficient exploitation of resources (an example of which is carbon trading). Alternatively, if there are flaws in such markets, should society instead move towards retributive payments for 'ecological debt' based on both 'loss and damage' accounting (introduced at the UNFCCC COP18 in Doha) and environmental justice, in order that the valuing of nature is limited to fines for damages and then prohibitions on further pollution. These two countervailing philosophies play out in high-profile projects and pilot social-policy schemes in southern Africa, in ways that will teach the world foundational concepts surrounding ecological reparations.
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