Economic Incentive Mechanisms for the Protection and Use of Biological Diversity in the Russian Federation

Abstract

This paper explores economic incentive mechanisms for the protection and sustainable use of biological diversity in general and more specifically of animals (often referred to as “wildlife”). Based on the author’s analysis of wildlife and tax legislation provisions and law enforcement practice, it concludes that the Russian Federation lacks effective and efficient economic incentives to promote the protection and use of wildlife. It proposes incentive measures for the implementation of legislative norms and economic regulation regarding the protection and sustainable use of the animal world. These incentives are intended to provide tools for sustainable use of wildlife and enhance the dialogue with business entities regarding the prioritisation of environmentally friendly economic activities.