A Big Deal for Conservation
A group of conservationists, former bankers, and management consultants have imported ideas from Wall Street to create a new way to protect large ecosystems—an approach that may work for other large-scale social projects as well.
When Costa Rican President Óscar Arias declared “peace with nature” in 2007, he laid out an ambitious plan for his country to take the lead among developing nations in supporting ecosystem conservation. The goal was admirable—to expand and secure all of Costa Rica’s national parks, wildlife reserves, and protected seascapes and become the first developing country in the world to meet the protected area targets and management standards of the UN convention of Biological Diversity. At...
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