By Benjamin Neimark, Lancaster University
For years, scientists and environmentalists have debated the best ways to conserve and protect natural resources from pollution and over-exploitation.
In the late 19th century, conservation advocates with the help of President Roosevelt succeeded in making Yellowstone the first US national park. Yellowstone’s status sent a strong message against unregulated commercial extraction and the model has since been replicated worldwide. However, the strict exclusionary nature of national parks was extremely burdensome for local and indigenous peoples who remained reliant on natural resources within protected areas.
The policy of “fortress conservation” was intended to give way in the late 20th century to a host of more sustainable alternatives, announced at the first Earth Summit in Rio in 1992. Conservation and development would be better integrated, and rural poverty addressed by bringing the poor into a global marketplace, while simultaneously delivering the market deep into the rainforests.
Since Rio, market-based conservation has gained a lot of traction, and almost all forms of nature have been commodified. Packaged into sleek financialised terminology such as carbon credits, ecosystem services or species banking, the market has become such a supposed panacea for conservation that selling nature has become, for many, the only method of conserving it.