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Increase in protection of priority biodiversity areas. Bottom line. Trading has the potential to substantially reduce costs of achieving aggregate conservation objective Bigger trading domains reduce compliance cost, improve biodiversity protection But is it implementable?.
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Bottom line • Trading has the potential to substantially reduce costs of achieving aggregate conservation objective • Bigger trading domains reduce compliance cost, improve biodiversity protection • But is it implementable?
RL enforcement and trading in Brazil: current situation • Trading allowed by Provisional Law 2166 (preferably within microbasin, basin possibly; also compensate by purchasing gazetted for parks) • SISLEG, Parana: early stages of implementation • Mato Grosso: Innovative RL enforcement program
FEMA (Mato Grosso) System of Environmental Licensing and Control Credit: FEMA
Generalizability? • Within Brazil • Outside Brazil: introduce tradeable obligations as a substitute for existing strict regulations on forest clearance?