Advanced Search
MyIDEAS: Login to save this article or follow this journal

Can Global Payments for Ecosystem Services Work?

Contents:

Author Info

  • Edward B. Barbier

Abstract

Recent efforts to establish a financial mechanism to reduce emissions from deforestation and forest degradation (REDD) have sparked hopes for the world’s first global payment system. REDD could help conserve forests in developing countries, lessen greenhouse gas emissions and ecological degradation, and overcome the chronic funding gap for tropical forest conservation. However, two incentives also work against any international agreement for a global payments scheme, such as REDD. First, given the high costs of forest conservation, some wealthy countries may try to forgo contributing to these costs in the hope that other developed countries will cover them fully. Second, any negotiated agreement involves substantial transaction costs for each signatory, including monitoring and verifying changes in deforestation rates and carbon emission in developing countries. The most likely outcome is an international payments scheme that is underwritten by only a handful of rich countries, but provides a level of global protection much lower than is needed. Alternatively, there will be no agreement. To overcome such outcomes, the international community needs to think more creatively as to how to agree, design, implement and verify international mechanisms for payment of ecosystem services.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=513
Download Restriction: no

Bibliographic Info

Article provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.

Volume (Year): 13 (2012)
Issue (Month): 1 (January)
Pages: 157-172

as in new window
Handle: RePEc:wej:wldecn:513

Contact details of provider:

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Philippe Delacote & Gabriela Simonet, 2013. "Readiness and Avoided deforestation policies: on the use of the REDD fund," Working Papers 1312, Chaire Economie du Climat.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:513. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ed Jones).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.