Designing financial instruments for land-based ecological restoration: A review and future research Agenda
Land restoration requires innovative approaches to prevent ongoing degradation and increase the functionality of land use. While land restoration has been studied extensively from the perspective of ecologists and local communities it is a topic that remains at the periphery of the financial economi...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-06-01
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| Series: | Cleaner Production Letters |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666791624000356 |
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| author | John Garvey Vasilis Grigoriadis Darragh Flannery Edward Knapp Elizabeth Gold George Hutchinson Lynn J. Frewer Paul Brereton Kenneth A. Byrne |
| author_facet | John Garvey Vasilis Grigoriadis Darragh Flannery Edward Knapp Elizabeth Gold George Hutchinson Lynn J. Frewer Paul Brereton Kenneth A. Byrne |
| author_sort | John Garvey |
| collection | DOAJ |
| description | Land restoration requires innovative approaches to prevent ongoing degradation and increase the functionality of land use. While land restoration has been studied extensively from the perspective of ecologists and local communities it is a topic that remains at the periphery of the financial economics literature, despite the global financial system’s centrality to the problem. This paper reviews the literature on financial instruments that are designed for land-based ecological restoration, extracts key learnings from this literature and deploys a functional perspective to better understand how financial instruments that aim to scale up land restoration activities can be mainstreamed within the global financial system. This paper presents a framework that promotes public channels to best direct public and private capital towards land restoration projects. Matching the supply of capital with a pipeline of spatially explicit and sometimes unique restoration solutions requires an architecture that can implement this coordination and aggregation function. This has the potential to mitigate transaction costs and improve transparency issues associated with monitoring and reporting. This framework is illustrated for an actual land restoration program underway in Europe. |
| format | Article |
| id | doaj-art-da73e509f63f46f28ac4ef5c83b6d3cb |
| institution | Kabale University |
| issn | 2666-7916 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Cleaner Production Letters |
| spelling | doaj-art-da73e509f63f46f28ac4ef5c83b6d3cb2024-12-26T08:58:04ZengElsevierCleaner Production Letters2666-79162025-06-018100089Designing financial instruments for land-based ecological restoration: A review and future research AgendaJohn Garvey0Vasilis Grigoriadis1Darragh Flannery2Edward Knapp3Elizabeth Gold4George Hutchinson5Lynn J. Frewer6Paul Brereton7Kenneth A. Byrne8Department of Accounting and Finance, Kemmy Business School, University of Limerick, Ireland; Corresponding author.Department of Economics, University of Ioannina, IrelandDepartment of Economics, Kemmy Business School, University of Limerick, IrelandDepartment of Economics, Kemmy Business School, University of Limerick, IrelandSchool of Biological Sciences, Queen's University Belfast, IrelandSchool of Biological Sciences, Queen's University Belfast, IrelandSchool of Natural and Environmental Sciences, University of Newcastle, IrelandSchool of Biological Sciences, Queen's University Belfast, IrelandSchool of Biological Sciences, University of Limerick, IrelandLand restoration requires innovative approaches to prevent ongoing degradation and increase the functionality of land use. While land restoration has been studied extensively from the perspective of ecologists and local communities it is a topic that remains at the periphery of the financial economics literature, despite the global financial system’s centrality to the problem. This paper reviews the literature on financial instruments that are designed for land-based ecological restoration, extracts key learnings from this literature and deploys a functional perspective to better understand how financial instruments that aim to scale up land restoration activities can be mainstreamed within the global financial system. This paper presents a framework that promotes public channels to best direct public and private capital towards land restoration projects. Matching the supply of capital with a pipeline of spatially explicit and sometimes unique restoration solutions requires an architecture that can implement this coordination and aggregation function. This has the potential to mitigate transaction costs and improve transparency issues associated with monitoring and reporting. This framework is illustrated for an actual land restoration program underway in Europe.http://www.sciencedirect.com/science/article/pii/S2666791624000356 |
| spellingShingle | John Garvey Vasilis Grigoriadis Darragh Flannery Edward Knapp Elizabeth Gold George Hutchinson Lynn J. Frewer Paul Brereton Kenneth A. Byrne Designing financial instruments for land-based ecological restoration: A review and future research Agenda Cleaner Production Letters |
| title | Designing financial instruments for land-based ecological restoration: A review and future research Agenda |
| title_full | Designing financial instruments for land-based ecological restoration: A review and future research Agenda |
| title_fullStr | Designing financial instruments for land-based ecological restoration: A review and future research Agenda |
| title_full_unstemmed | Designing financial instruments for land-based ecological restoration: A review and future research Agenda |
| title_short | Designing financial instruments for land-based ecological restoration: A review and future research Agenda |
| title_sort | designing financial instruments for land based ecological restoration a review and future research agenda |
| url | http://www.sciencedirect.com/science/article/pii/S2666791624000356 |
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