Biodiversity offsetting moved from last resort to preferred solution through economic valuation techniques.

Evidence

With the rise of knowledge that reasons in terms of ecosystem services and methods aiming to turn these ”services” into economic flows that can be discounted to calculate values, development of an offsetting market became much more conceivable, allowing a polluter to pay to restore the same services in a different place. The offsetting solution, long considered a last resort, thus moved up to first place. — Ève Chiapello, Financialisation of Valuation, 90

Categorization

• XREF: Connects to the reader’s finance/financialization theme: valuation techniques as the mechanism that reorders normative hierarchies. — connects to: Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter. — Kean Birch, Rethinking Value in the Bio-economy:…, 1; Investor-style valuation techniques now shape public policy with coercive force — Ève Chiapello, Financialisation of Valuation, 108; Ecosystem services go unaccounted for in the human economy — Robin Wall Kimmerer, Braiding Sweetgrass: Indigenous Wisdom,…, 600
• SEED: An article angle: how the ”market solution” framing silently promotes offsetting over protection and restoration — valuing nature to commodify its damage.
• ADDENDUM: Pairs with ‘On Sacrifice’ and ‘Grafting & Growth’ — substitution of damaged for preserved nature as an exchange logic.

Broader Connections

• Investor-style valuation techniques now shape public policy with coercive force #expands (0.85) — Ève Chiapello, Financialisation of Valuation, 108
• Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter. #exemplifies (0.75) — Kean Birch, Rethinking Value in the Bio-economy, 1