Transferable Development Rights and Forest Protection: An Exploratory Analysis

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Market-based instruments for biodiversity and ecosystem services: A lexicon (2012, background): “…certificates issued for land restoration elsewhere; or transferable development rights in Brazil, where landowners in rural areas are legally required to set aside a percentage of their lands but can purchase rights to develop more if other landowners accept to develop less (Chomitz, 2004).”
Developing incentives and economic mechanisms for in situ biodiversity conservation in agricultural landscapes (2007, background): “In addition, transaction costs also need to be taken into account as setting up TDRs may involve substantial administrative and legal (monitoring and enforcement) costs.”
Planners’ experiences in managing growth using transferable development rights (TDR) in the United States (2008, background): “TDR programs have also been suggested as a means for minimizing the opportunity costs of protecting critical habitat (Chomitz, 2004).”
Smart spatial incentives for market-based conservation (2008, background): “…such as payments (Wunder, 2007; Drechsler et al., 2007), auctions (Latacz-Lohmann and Van der Hamsvoort, 1998) or biodiversity o set trading (Panayotou, 1994; Chomitz, 2004) have been suggested as a means to complement existing reserves by inducing biodiversity protection on private lands.”