Biodiversity and Global Public Goods Global public goods, such as biodiversity, are not being produced or allocated efficiently in the current market system.

Biodiversity and Public Goods Biodiversity –Hot Spots –Importance Agriculture Sustainability of ecosystems Culture –Ecosystem Service Economic system –Inputs –Outputs Public Goods –Non-Rival, Non-Excludable –Public and Private Domain

Market Failures Fail to Produce Public Goods Not Pareto Efficient Willingness to Pay –Uneducated –Under estimate costs –Free Rider Effect Privatization –Short Term Solution »Inadequate Distribution »Public Exclusion

Public goods vs. Global Public Goods Global Public Goods –Benefit more than one group of countries –Inter-generational –Crosses socio-economic and political boundaries Market Failures on a Global Level

Global Institutions No Central Government Lack of Public Involvement Limited Institutions Problems with Current Institutions –Coordination between and among organizations –Accountability –Public Involvement

Alternatives “Civic Institutions” –Grassroots movement –Global Forum Delegates Internet Central Government