Barbier, E. & Burgess, J.C. (2021). Economics of Peatlands Conservation, Restoration, and Sustainable Management – A Policy Report for the Global Peatlands Initiative. United Nations Environment Programme, Nairobi.
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The “Economics of Peatlands Conservation, Restoration and Sustainable Management” policy report, authored by Edward Barbier and Joanne Burgess of Colorado State University, identifies that the leading causes of peatland mismanagement are undervaluation and underinvestment. Launched as part of the Global Peatlands Initiative’s contribution to the UN Decade on Ecosystem Restoration, the report finds that the principal cause for peatlands mismanagement is the undervaluation of their economic contributions. Commercial activities and policies that degrade and convert these high-carbon ecosystems often ignore or fail to take account of their benefits to society. In addition, global peatland conservation and restoration suffer from chronic underinvestment.