Biorights is a neo-economic conservation paradigm that tries to protect areas of global ecological importance by compensating poor people that live near such nature areas and are dependent on the ecosystem services of these nature areas for cash generating activities. The hypothesis is that in this way a sustainable and inclusive development is possible as the negative link between poverty and nature degradation will wane away. In poverty alleviation the stakeholders need to be found in especially the public sector and to a lesser extent in the private sector of developed countries. But for the long term, involvement of the private sector, including the financial world, may become essential if Biorights is to become successful. At the same time Governments of developed countries might find it an effective way of investing for either climate finance, nature conservation- or development projects, and as well, governments in the developing countries concerned may find it an attractive solution to reach the SDGs,
The monetary value of nature has so far not been recognized by the world community with our current economic system and hence its value is only marginally present in the market. Mostly the costs of nature conservation are visible in the market and only the most obvious benefits, such as tourism revenues, are accounted for in the market. That is why it is not possible at present to make an unbiased cost-benefit analysis of existing nature reserves. Biorights could contribute to this by compensating local people in developing countries directly for not degrading the natural environment. The global average compensation cost that is needed to cover the opportunity costs of the local people, lies in the range of US$13.65 ha-1 yr-1. As a part to this end, though Biorights is not a new concept, it does hold elements that are new and have potentials to compensate the same, such as:
1. The direct payments to compensate for poverty related costs. These payments are also for the long term to guarantee a sustainable rural development.
2. The distribution of payments to communities and not to individuals on the basis of nature conservation.
In order for Biorights to be successful we need cooperation of both the global community (public and private) and local people in developing countries. SAFE has the pride to successfully implement the first Biorights project in East Kolkata Wetland Ramsar site in India. The project is showcased as a best practice model in the 4th TEEB report of UNEP in 2010.