Redefining payments for environmental services
AbstractThe Environmental Economics and the Ecological Economics perspectives on payments for environmental services (PES) propose rather different views on how to define PES, its key elements, and on the role of PES in ecosystem conservation and rural development. This paper compares these two perspectives and addresses the following questions: what is an appropriate definition of PES, grounded in the theory and practice underlying it? What are the key design elements of PES? What should the scope of PES be given the possible trade-offs between efficiency and equity? It is found that PES schemes should focus on cost-effectiveness and best practice for positive livelihood impacts. PES schemes should be transparent, and provide additional services with conditional payments to voluntary providers.
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Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 73 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/ecolecon
PES; Coase; Efficiency; Equity; Cost-effectiveness; Livelihoods;
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- Kristin Nicolaus & Jens Jetzkowitz, 2014. "How Does Paying for Ecosystem Services Contribute to Sustainable Development? Evidence from Case Study Research in Germany and the UK," Sustainability, MDPI, Open Access Journal, vol. 6(5), pages 3019-3042, May.
- Marangon, Francesco & Troiano, Stefania, 2. "New tools for THE EU agricultural sector and rural areas. What role for public policy in promoting Payments for Ecosystem Services?," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L’Informatore Agrario, issue 2.
- Venghaus, Sandra & Selbmann, Kirsten, 2014. "Biofuel as social fuel: Introducing socio-environmental services as a means to reduce global inequity?," Ecological Economics, Elsevier, vol. 97(C), pages 84-92.
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