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Record W4362676224 · doi:10.1371/journal.pclm.0000169

Going beyond market-based mechanisms to finance nature-based solutions and foster sustainable futures

2023· article· en· W4362676224 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenuePLOS Climate · 2023
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic and Environmental Valuation
Canadian institutionsUniversity of British Columbia
FundersUniversity of Oxford
KeywordsConvention on Biological DiversityCorporate governanceEconomicsMarket failureFutures contractBusinessFinancePublic economicsBiodiversity

Abstract

fetched live from OpenAlex

Failure to address the climate and biodiversity crises is undermining human well-being and increasing global inequality. Given their potential for addressing these societal challenges, there is growing attention on scaling-up nature-based solutions (NbS). However, there are concerns that in its use, the NbS concept is dissociated with the social and economic drivers of these societal challenges, including the pervasive focus on market-based mechanisms and the economic growth imperative, promoting the risk of greenwashing. In this perspective, we draw on recent research on the effectiveness, governance, and practice of NbS to highlight key limitations and pitfalls of a narrow focus on natural capital markets to finance their scaling up. We discuss the need for a simultaneous push for complementary funding mechanisms and examine how financial instruments and market-based mechanisms, while important to bridge the biodiversity funding gap and reduce reliance on public funding, are not a panacea for scaling NbS. Moreover, market-based mechanisms present significant governance challenges, and risk further entrenching power asymmetries. We propose four key recommendations to ensure finance mechanisms for biodiversity and NbS foster more just, equitable, and environmentally sustainable pathways in support of the CBD’s (Convention on Biological Diversity) 2050 vision of “living in harmony with nature”. We stress that NbS must not be used to distract attention away from reducing emissions associated with fossil fuel use or to promote an agenda for perpetual economic growth and call on government policy makers to decenter GDP growth as a core economic and political target, refocusing instead on human and ecological well-being.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.722
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.047
GPT teacher head0.211
Teacher spread0.164 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it