The Oxford Martin School has helped to develop NaturEtrade, an online marketplace for ecosystems services. Landowners or managers can set a price that they would accept in return for keeping their land in its present ecological condition, rather than putting it to other uses that might degrade it. Buyers who want the land to remain unchanged, e.g. a business further downstream that wants to limit flooding, can enter into a contract with the landowner or manager.
The researchers behind the project say they could use satellite monitoring to scale up the tool more cheaply than if the land had to be assessed in person.
Read the full story here and view the project’s website here. See also the video Ecosystem services in food systems in the Foodsource video library.
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