Almost 25 years ago, Amartya Sen was awarded the Nobel Prize for Economics for recognizing freedom of choice as both the main goal and the principal means of development. However, the COVID-19 pandemic has made it clear that only a minority of humanity has the freedom to choose a healthy, prosperous and safe life.
It’s time for a paradigm change to place the well-being, livelihoods, and equity of stewards of land and nature at the heart of development. This session will explore the potential of What is a stewardship economy?, which ensure that land users receive fair compensation for their investments in environmental services while meeting consumer expectations that the commodities they purchase have been sustainably produced.