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Redefining payments for environmental services

  • Tacconi, Luca

The 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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File URL: http://www.sciencedirect.com/science/article/pii/S0921800911004046
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Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 73 (2012)
Issue (Month): C ()
Pages: 29-36

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Handle: RePEc:eee:ecolec:v:73:y:2012:i:c:p:29-36
DOI: 10.1016/j.ecolecon.2011.09.028
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon

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  22. Turpie, J.K. & Marais, C. & Blignaut, J.N., 2008. "The working for water programme: Evolution of a payments for ecosystem services mechanism that addresses both poverty and ecosystem service delivery in South Africa," Ecological Economics, Elsevier, vol. 65(4), pages 788-798, May.
  23. 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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