Regenerating Biodiversity: Local Solutions for Global Impact
Christopher Marquis
Professor at Cambridge. Author of “THE PROFITEERS: How Business Privatizes Profit and Socializes Cost”; "MAO AND MARKETS” (a FT Best Book of 2022); "BETTER BUSINESS: How the B Corp Movement is Remaking Capitalism"
This week’s focus is on the intersection of biodiversity and regenerative practices. From global conservation collaborations to innovative biodiversity credit frameworks, the Essential Reads below highlight forward-thinking and models that prioritize both ecological integrity and sustainable development. They provide examples of how governments, organizations, and communities are partnering to protect ecosystems while fostering long-term economic growth.
The cases also underscore the growing role of technology in biodiversity conservation. From eco-friendly, autonomous vessels mapping marine life to new data tools supporting global biodiversity targets, innovation is accelerating progress toward more sustainable futures. There is growing momentum toward preservation that respects natural limits and cultural insights.
In the Research Corner, a recent paper in the Journal of Management Studies critiques traditional business strategies for neglecting ecological limits. The authors propose a shift toward strategic thinking that respects planetary boundaries, calling for greater integration of ecological and societal considerations.
Let’s dive into this week’s insights on how biodiversity is shaping regenerative innovation!
Essential Reads:
Collaborative Conservation
Enduring Earth collaborates globally to accelerate conservation efforts, protecting oceans, lands, and freshwater while securing long-term financing. The Great Bear Sea Project exemplifies this, safeguarding 10 million hectares with a $335 million investment, and promoting community prosperity through co-governance. This innovative model, Project Finance for Permanence (PFP), supports durable conservation and sustainable economic growth worldwide.
Mapping Biodiversity Goals
Half-Earth Day 2024 aims to promote global biodiversity outcomes through new data updates on the Half-Earth Project Map. With a focus on species richness, rarity layers, and the Species Protection Index, the event highlights global efforts toward meeting 30x30 commitments, featuring insights from conservation leaders worldwide.
Eco-Friendly Biodiversity Innovation
Stony Brook University has launched a solar-powered, remote-controlled craft to survey Shinnecock Bay's biodiversity. Using environmental DNA (eDNA), the vessel autonomously collects data on marine species without harming the ecosystem. This non-invasive method replaces traditional harmful techniques like trawling, offering a comprehensive insight into the bay's biodiversity. Indigenous perspectives are integrated into future research.
BIOFIN Project Launched
The UNDP in Bosnia and Herzegovina has initiated a three-year Global BIOFIN project funded by GEF. The program aims to develop biodiversity finance plans to address the growing financial gap in nature conservation. This project encourages multisectoral collaboration to ensure sustainable biodiversity protection through an inclusive approach.
领英推荐
Biodiversity Credit Framework
The Iceland-based International Carbon Registry (ICR) is launching consultations on a biodiversity credit framework and plans to pilot 10 projects worldwide. The initiative aims to address various ecosystems through restoration and conservation efforts, while using additionality and permanence as key project requirements. The framework intends to attract funding without being used for offsetting corporate impacts.
Species Loss Crisis
“Before They Vanish” explores the urgent need for early action to prevent species loss. Ecologists Paul Ehrlich, Rodolfo Dirzo, and Gerardo Ceballos emphasize the importance of detecting population threats early, paralleling cancer treatment. The book highlights solutions to avert ecological disasters while preserving biodiversity crucial for human well-being.
Trinity River Watershed Conservation
Preserving 10,600 acres of the upper Trinity River watershed safeguards biodiversity, water resources, and forestlands. The Pacific Forest Trust's acquisition, supported by grants, protects critical habitats, mitigates wildfire risks, and promotes sustainable land management. This conservation effort contributes to water flow in the Central Valley Project, vital for California's agriculture and cities.
First-ever Photo of New Britain Goshawk
A photograph of the rare New Britain Goshawk, unseen since 1969, was captured by Tom Vierus in Papua New Guinea's New Britain Island. The discovery highlights local community conservation efforts and biodiversity in the region, with the bird known locally as ‘keango.’ WWF and local communities aim to protect the habitat from environmental threats.
Research Corner:
In their 2024 paper published in the Journal of Management Studies, Bansal and colleagues argue that strategic thinking must address planetary boundaries. The authors critique how traditional strategy overlooks environmental limits, committing what statisticians call an "ecological fallacy." They call for a new approach that integrates ecological and societal concerns into strategy, aiming to align business growth with sustainability.
Read more: Strategy Can No Longer Ignore Planetary Boundaries: A Call for Tackling Strategy's Ecological Fallacy
Quick Takeaways:
Intern at Hitachi Energy India l Aspire '24 l Dexschool '22 l President @InnnovateX
1 个月Love the focus on local solutions for biodiversity regeneration, Marquis! As climate change intensifies, community-led conservation and indigenous knowledge integration are crucial. I'd add that technology-enabled monitoring and collaborative governance models can also amplify impact.
Chef de Projet RSE La Poste Solution Business| Passionate About Sustainability, Social Impact & Responsible Marketing ????
1 个月Thank you, Christopher Marquis, for such an insightful article! It's inspiring to see the collaborative efforts shaping a sustainable future. ????
Sustainable & Cause Marketing | Founder of GreenShows & GreenMeets | Using Branded Merch to Make a Difference | Helped Save a 65,000-Acre Forest - Ask How? ??
1 个月Great post. Thank you for this!
Especialista em Marketing & Tecnologias, Vendas, Relacionamento, Metaverso, Blockchain, Gest?o de Equipes e Projetos, Estratégia Digital de Impacto, Cria??o de Cultura e Gest?o de Pessoas.
1 个月Very important & informatively.