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New tools for EU agricultural sector and rural areas. Which role for Payments for Ecosystem Services?

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  • Marangon, Francesco
  • Troiano, Stefania

Abstract

In this paper we try to understand if it is possible to create a market for ecosystem services deriving from rural landscape and environmental conservation. First of all to do this we consider the results of some studies we conducted during last years about monetary and no-monetary environmental evaluation. These studies help us firstly to identify some rural landscape features able to improve or to worsen landscape aspect and secondly to point out the willingness to pay of beneficiaries to maintain landscape and environment features. Then to understand if it is possible to increase social benefits by using market and economic instruments in favor of landscape and environmental resources conservation, we study Payments for Ecosystem Services (PES). PES are economic instruments that can be used to support ecosystem services conservation and improvement. We describe this instrument and discuss the opportunity to introduce it in favor of some ecosystem services in Italy.

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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 126th Seminar, June 27-29, 2012, Capri, Italy with number 126053.

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Date of creation: Jun 2012
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Handle: RePEc:ags:eaa126:126053

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Keywords: Payment for Ecosystem Services; landscape; environmental resources; Environmental Economics and Policy; Q56;

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  1. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
  2. Engel, Stefanie & Pagiola, Stefano & Wunder, Sven, 2008. "Designing payments for environmental services in theory and practice: An overview of the issues," Ecological Economics, Elsevier, vol. 65(4), pages 663-674, May.
  3. Vatn, Arild, 2010. "An institutional analysis of payments for environmental services," Ecological Economics, Elsevier, vol. 69(6), pages 1245-1252, April.
  4. Wunder, Sven & Engel, Stefanie & Pagiola, Stefano, 2008. "Taking stock: A comparative analysis of payments for environmental services programs in developed and developing countries," Ecological Economics, Elsevier, vol. 65(4), pages 834-852, May.
  5. Gutman, Pablo, 2007. "Ecosystem services: Foundations for a new rural-urban compact," Ecological Economics, Elsevier, vol. 62(3-4), pages 383-387, May.
  6. Stefania Troiano & Francesco Marangon, 2010. "I Payments for Ecosystem Services: opportunitĂ  di sviluppo nella tutela delle risorse paesaggistico-ambientali," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 0(3), pages 87-113.
  7. Goldman, Rebecca L. & Thompson, Barton H. & Daily, Gretchen C., 2007. "Institutional incentives for managing the landscape: Inducing cooperation for the production of ecosystem services," Ecological Economics, Elsevier, vol. 64(2), pages 333-343, December.
  8. Muradian, Roldan & Corbera, Esteve & Pascual, Unai & Kosoy, Nicolás & May, Peter H., 2010. "Reconciling theory and practice: An alternative conceptual framework for understanding payments for environmental services," Ecological Economics, Elsevier, vol. 69(6), pages 1202-1208, April.
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