Economic instruments

This section sets out the obligations on Parties relating to the use of economic incentives to ensure sustainable use, the removal of perverse incentives, the role of private sector in promoting sustainable use and the need to recognise the values derived from sustainable use. Obligations to provide financial and other support for sustainable use are included in the section on Provision of resources.

The importance of involving the private sector in promoting sustainable use has been recognised by the Parties to UNCCD, Ramsar and CBD. Similarly, there has been an increasing interest in the significance of economic incentives in ensuring that use of biodiversity is sustainable. Activities 2 and 3 (on incentives and perverse incentives) includes activities from CBD, CITES, Ramsar and UNCCD.