Biodiversity & Conservation

, Volume 14, Issue 8, pp 2009–2027 | Cite as

Information as a regulatory instrument to price biodiversity benefits: certification and ecolabeling policy practices



In this paper we address the issue of market failure arising from the non-existence of (market) prices for biodiversity, and also present and discuss alternative policies to cope with it. Particular attention is given to certification and ecolabeling of policies. First, we critically survey the role of certification and ecolabeling as an information provision instrument. Second, we provide a comprehensive view on basic foundations and crucial issues that underpin the design of a certification and ecolabeling policy. Finally, we present some case studies to draw some lessons from current certification and ecolabeling policy practices.


Biodiversity benefits Biodiversity oriented products Biodiversity segmented market Command and control Information provision instrument Market failure Market regulation Non-market values Public good character 


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Copyright information

© Springer 2005

Authors and Affiliations

  1. 1.Department of EconomicsCa’ Foscari University VeniceVeniceItaly
  2. 2.Centre of Excellence for Sustainable DevelopmentCa’Foscari University VeniceVeniceItaly
  3. 3.Fondazione Eni Enrico MatteiPalazzo Querini StampaliaVeniceItaly
  4. 4.Department of Economics, Faculty of Arts and Social SciencesNational University of SingaporeSingapore

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