IDEAS home Printed from https://ideas.repec.org/a/gam/jlands/v10y2021i6p637-d575553.html
   My bibliography  Save this article

A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System

Author

Listed:
  • Gordon N. Merrick

    (Vermont Law School, South Royalton, VT 05068, USA)

Abstract

Payment for Ecosystem Services (PES) systems are gaining attention worldwide. These systems are an increasingly used incentive structure for conservation, presenting a significant opportunity for science to impact and shape commerce. However, PES systems lack a unifying framework to analyze and evaluate them from multiple perspectives, including ecological revitalization alongside economic and social revitalization. In this study, I formulate a new analytical framework that accommodates both public and private PES systems, and test the framework with hypotheticals from both systems. Utilizing the framework developed, this article shows that publicly-operated PES systems function optimally, as a public system provides optimized benefits regarding societal and ecological outcomes, now and for future generations.

Suggested Citation

  • Gordon N. Merrick, 2021. "A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System," Land, MDPI, vol. 10(6), pages 1-19, June.
    • Handle: RePEc:gam:jlands:v:10:y:2021:i:6:p:637-:d:575553
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2073-445X/10/6/637/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2073-445X/10/6/637/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Crossman, Neville D. & Burkhard, Benjamin & Nedkov, Stoyan & Willemen, Louise & Petz, Katalin & Palomo, Ignacio & Drakou, Evangelia G. & Martín-Lopez, Berta & McPhearson, Timon & Boyanova, Kremena & , 2013. "A blueprint for mapping and modelling ecosystem services," Ecosystem Services, Elsevier, vol. 4(C), pages 4-14.
    2. Fraas, Arthur G & Greer, Douglas F, 1977. "Market Structure and Price Collusion: An Empirical Analysis," Journal of Industrial Economics, Wiley Blackwell, vol. 26(1), pages 21-44, September.
    3. Omid Sabbaghi & Navid Sabbaghi, 2017. "The Chicago Climate Exchange and market efficiency: an empirical analysis," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 19(4), pages 711-734, October.
    4. Sandifer, Paul A. & Sutton-Grier, Ariana E. & Ward, Bethney P., 2015. "Exploring connections among nature, biodiversity, ecosystem services, and human health and well-being: Opportunities to enhance health and biodiversity conservation," Ecosystem Services, Elsevier, vol. 12(C), pages 1-15.
    5. James Salzman & Genevieve Bennett & Nathaniel Carroll & Allie Goldstein & Michael Jenkins, 2018. "The global status and trends of Payments for Ecosystem Services," Nature Sustainability, Nature, vol. 1(3), pages 136-144, March.
    6. Sullivan, Patrick & Hellerstein, Daniel & Hansen, LeRoy T. & Johansson, Robert C. & Koenig, Steven R. & Lubowski, Ruben N. & McBride, William D. & McGranahan, David A. & Roberts, Michael J. & Vogel, S, 2004. "The Conservation Reserve Program: Economic Implications for Rural America," Agricultural Economic Reports 33987, United States Department of Agriculture, Economic Research Service.
    7. Fisher, Brendan & Turner, R. Kerry & Morling, Paul, 2009. "Defining and classifying ecosystem services for decision making," Ecological Economics, Elsevier, vol. 68(3), pages 643-653, January.
    8. Rose A Graves & Ryan D Haugo & Andrés Holz & Max Nielsen-Pincus & Aaron Jones & Bryce Kellogg & Cathy Macdonald & Kenneth Popper & Michael Schindel, 2020. "Potential greenhouse gas reductions from Natural Climate Solutions in Oregon, USA," PLOS ONE, Public Library of Science, vol. 15(4), pages 1-30, April.
    9. John Sherwood & Michael Carbajales-Dale & Becky Roselius Haney, 2020. "Putting the Biophysical (Back) in Economics: A Taxonomic Review of Modeling the Earth-Bound Economy," Biophysical Economics and Resource Quality, Springer, vol. 5(1), pages 1-20, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Grilli, Gianluca & Fratini, Roberto & Marone, Enrico & Sacchelli, Sandro, 2020. "A spatial-based tool for the analysis of payments for forest ecosystem services related to hydrogeological protection," Forest Policy and Economics, Elsevier, vol. 111(C).
    2. Valencia Torres, Angélica & Tiwari, Chetan & Atkinson, Samuel F., 2021. "Progress in ecosystem services research: A guide for scholars and practitioners," Ecosystem Services, Elsevier, vol. 49(C).
    3. Kubiszewski, Ida & Concollato, Luke & Costanza, Robert & Stern, David I., 2023. "Changes in authorship, networks, and research topics in ecosystem services," Ecosystem Services, Elsevier, vol. 59(C).
    4. Vahid Amini Parsa & Esmail Salehi & Ahmad Reza Yavari & Peter M van Bodegom, 2019. "An improved method for assessing mismatches between supply and demand in urban regulating ecosystem services: A case study in Tabriz, Iran," PLOS ONE, Public Library of Science, vol. 14(8), pages 1-22, August.
    5. Mannetti, Lelani M. & Göttert, Thomas & Zeller, Ulrich & Esler, Karen J., 2017. "Expanding the protected area network in Namibia: An institutional analysis," Ecosystem Services, Elsevier, vol. 28(PB), pages 207-218.
    6. Jacobs, Sander & Burkhard, Benjamin & Van Daele, Toon & Staes, Jan & Schneiders, Anik, 2015. "‘The Matrix Reloaded’: A review of expert knowledge use for mapping ecosystem services," Ecological Modelling, Elsevier, vol. 295(C), pages 21-30.
    7. Häyhä, Tiina & Franzese, Pier Paolo & Paletto, Alessandro & Fath, Brian D., 2015. "Assessing, valuing, and mapping ecosystem services in Alpine forests," Ecosystem Services, Elsevier, vol. 14(C), pages 12-23.
    8. Bo Jiang & Yuanyuan Chen & Yang Bai & Xibao Xu, 2019. "Supply–Demand Coupling Mechanisms for Policy Design," Sustainability, MDPI, vol. 11(20), pages 1-8, October.
    9. Charles, Michael & Ziv, Guy & Bohrer, Gil & Bakshi, Bhavik R., 2020. "Connecting air quality regulating ecosystem services with beneficiaries through quantitative serviceshed analysis," Ecosystem Services, Elsevier, vol. 41(C).
    10. Oosterbroek, Bram & de Kraker, Joop & Huynen, Maud M.T.E. & Martens, Pim, 2016. "Assessing ecosystem impacts on health: A tool review," Ecosystem Services, Elsevier, vol. 17(C), pages 237-254.
    11. Willcock, Simon & Hooftman, Danny & Sitas, Nadia & O’Farrell, Patrick & Hudson, Malcolm D. & Reyers, Belinda & Eigenbrod, Felix & Bullock, James M., 2016. "Do ecosystem service maps and models meet stakeholders’ needs? A preliminary survey across sub-Saharan Africa," Ecosystem Services, Elsevier, vol. 18(C), pages 110-117.
    12. Cecilia Arnaiz-Schmitz & Cristina Herrero-Jáuregui & María F. Schmitz, 2021. "Recreational and Nature-Based Tourism as a Cultural Ecosystem Service. Assessment and Mapping in a Rural-Urban Gradient of Central Spain," Land, MDPI, vol. 10(4), pages 1-19, March.
    13. Fiona Nevzati & Mart Külvik & Joanna Storie & Liisa-Maria Tiidu & Simon Bell, 2023. "Assessment of Cultural Ecosystem Services and Well-Being: Testing a Method for Evaluating Natural Environment and Contact Types in the Harku Municipality, Estonia," Sustainability, MDPI, vol. 15(13), pages 1-24, June.
    14. Ochoa, Vivian & Urbina-Cardona, Nicolás, 2017. "Tools for spatially modeling ecosystem services: Publication trends, conceptual reflections and future challenges," Ecosystem Services, Elsevier, vol. 26(PA), pages 155-169.
    15. Vilém Pechanec & Helena Kilianová & Elwis Tangwa & Alena Vondráková & Ivo Machar, 2019. "What is the Development Capacity for Provision of Ecosystem Services in the Czech Republic?," Sustainability, MDPI, vol. 11(16), pages 1-17, August.
    16. Tadaki, Marc & Allen, Will & Sinner, Jim, 2015. "Revealing ecological processes or imposing social rationalities? The politics of bounding and measuring ecosystem services," Ecological Economics, Elsevier, vol. 118(C), pages 168-176.
    17. Finisdore, John & Rhodes, Charles & Haines-Young, Roy & Maynard, Simone & Wielgus, Jeffrey & Dvarskas, Anthony & Houdet, Joel & Quétier, Fabien & Lamothe, Karl A. & Ding, Helen & Soulard, François &, 2020. "The 18 benefits of using ecosystem services classification systems," Ecosystem Services, Elsevier, vol. 45(C).
    18. Shanafelt, David W. & Serra-Diaz, Josep M. & Bocquého, Géraldine, 2023. "Measuring uncertainty in ecosystem service correlations as a function of sample size," Ecosystem Services, Elsevier, vol. 63(C).
    19. Larson, Lincoln R. & Keith, Samuel J. & Fernandez, Mariela & Hallo, Jeffrey C. & Shafer, C. Scott & Jennings, Viniece, 2016. "Ecosystem services and urban greenways: What's the public's perspective?," Ecosystem Services, Elsevier, vol. 22(PA), pages 111-116.
    20. Gladkikh, Tatiana M. & Gould, Rachelle K. & Coleman, Kimberly J., 2019. "Cultural ecosystem services and the well-being of refugee communities," Ecosystem Services, Elsevier, vol. 40(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jlands:v:10:y:2021:i:6:p:637-:d:575553. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.