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Double dividend? Transnational initiatives and governance innovation for climate change and biodiversity

Bulkeley, Harriet; Betsill, Michele; Fransen, Anouk; VanDeveer, Stacy


Michele Betsill

Anouk Fransen

Stacy VanDeveer


Growing recognition of the need to tackle climate change and biodiversity loss together is leading to shifts in the global environmental governance landscape such that these two traditionally separate domains are increasingly interlinked. This process is taking place not at the level of the international policy regimes but rather through the work of transnational governance initiatives (TGIs) that connect state and non-state actors and which form an increasingly formalized part of the hybrid regime complexes through which global environmental governance is conducted. Central to these dynamics are ‘nature-based solutions’, interventions designed to work with nature to achieve multiple sustainability goals. In this paper, we demonstrate the ways in which TGIs frame and implement nature-based solutions. We show how this is leading to an evolution in market and asset-based responses to addressing these twin challenges and consider the wider consequences for how we understand what effective responses to the interlinked problems of climate and biodiversity entail.

Journal Article Type Article
Acceptance Date Aug 29, 2023
Online Publication Date Nov 22, 2023
Publication Date 2023
Deposit Date Sep 25, 2023
Publicly Available Date Nov 23, 2025
Journal Oxford Review of Economic Policy
Print ISSN 0266-903X
Publisher Oxford University Press
Peer Reviewed Peer Reviewed
Volume 39
Issue 4
Pages 796-809
Public URL


This file is under embargo until Nov 23, 2025 due to copyright restrictions.

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