Economics of rewilding

Rewilding, a concept often defined as an open-ended approach to ecological restoration that aims to establish self-sustaining ecosystems, has gained much interest in recent conservation science and practice. The economic dimensions of rewilding remain understudied, despite repeated calls for research, and we find that synthetic or programmatic contributions to the scientific literature are still missing. Here, we mined Scopus and Web of Science databases through a systematic review, looking for "rewilding" with various economic terms in the peer-reviewed literature, in the English language. We then screened out a 257 references-rich corpus with 14 variables, including the position of rewilding regarding positive and negative economic effects in specific sectors, and geographical or ecological foci. Our corpus amounts to ca. 40% of recent rewilding literature, with a clear emphasis on European study sites and the economic consequences of rewilding initiatives. Rewilding studies often refer to positive economic impacts on tourism and hunting, e.g., through higher income and employment rates, although very few studies properly quantify these. Conversely, most authors find rewilding harms farming, which is threatened by abandonment and damages by wildlife, raising interest in potential EU subsidy regimes. We highlight the surprising paucity of rewilding literature truly focusing on economics and/or providing detailed quantification-with remarkable exceptions. While rewilding's ecological relevance is no longer in question, demonstrating its economic benefits and sustainability will undoubtedly help scaling up. Thus, we advise rewilders to systematically measure and report investments and outcomes of rewilding initiatives, and to adopt common standards for cost and benefit assessments.