Since the publication of the Report of the Brundtland Commission (Our Common Future) in 1987, and the consequent Earth Summit on sustainable development, global attention on natural resource scarcity and degradation has been increasing, because of climate change and rising food and energy prices. This awareness, in turn, has led to growing interest in land investments by the private and public sectors. Despite this interest, however, land degradation has not been comprehensively addressed at the global level or in developing countries. A suitable economic framework that could guide investments and institutional action is lacking. This study aims to overcome this deficiency and to provide a framework for a global assessment based on a consideration of the costs of action versus inaction. Thus, a type of Stern Review (Stern 2006) for desertification, land degradation, and drought (DLDD) is aimed for on the basis of this study. The urgency of land degradation problems, the increased value of land, and new scientific insights all suggest that the time is ripe for a global assessment of the economics of DLDD (E-DLDD).
