NaturEtrade: An ‘eBay for ecosystem services’
The Oxford Martin School has helped to develop NaturEtrade, an online marketplace for ecosystems services. Landowners or managers can set a price that they would accept in return for keeping their land in its present ecological condition, rather than putting it to other uses that might degrade it. Buyers who want the land to remain unchanged, e.g. a business further downstream that wants to limit flooding, can enter into a contract with the landowner or manager.