International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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“Attributing Value to Ecosystem Services Through Planning Regulations as a Tool for Development Finance”

Author(s) Dr. GAUTAM VIKAS DESAI
Country India
Abstract Ecosystem services provide essential benefits necessary for maintaining ecological balance and human welfare, including air purification, water filtration, climate regulation, biodiversity preservation, and more. However, these services are often undervalued or ignored in economic and urban development planning frameworks, resulting in significant ecological degradation. The integration of ecosystem service valuation into land-use planning, linked with tools such as transferable development rights (TDRs), offers solutions to balance conservation and sustainability while generating economic value. TDR markets enable resource preservation by diverting urban development to less ecologically sensitive zones, monetizing ecosystem benefits, and incentivizing land-use balance. This paper focuses on the theoretical foundations, methodologies, and global practices for incorporating the value of ecosystem services into urban planning and development finance processes. Case studies from both global and Indian contexts highlight successful applications and ongoing challenges of TDR markets, regulatory reforms, and ecosystem service valuation frameworks. Building on these insights, a strategic framework is proposed to align development finance with sustainable development goals (SDGs) and community participation. Issues associated with lack of institutional readiness, valuation challenges, and barriers to public engagement are also examined. By integrating ecosystem services into planning regulations, conservation can be a driver of sustainable economic growth, ensuring environmental preservation.
Keywords: Ecosystem services, transferable development rights, ecosystem valuation, sustainable development, land-use planning, development finance.
Keywords Ecosystem services, land-use planning, transferable development rights (TDR), development finance, sustainable development, ecosystem valuation.
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-04-27
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.43154
Short DOI https://doi.org/g9gvmc
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