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Payments for Environmental Services: Ambitious Tools for the Sustainable Use of Natural Capital

Author

Listed:
  • Giovanni Lagioia

    (University of Bari Aldo Moro)

  • Annarita Paiano

    (University of Bari Aldo Moro)

Abstract

The flows of natural resources, goods and services (air quality, soil fertility etc.) from ecosystems are the natural capital of the economies. Among these flows the ecosystem services are critic and in decline. It has been underlined the need for ecosystem accounting techniques to study the relationship between economic sectors and their dependence from ecosystem goods and services, as well as the impacts on the last ones. Many countries are being developed payment programmes for ecosystem services (PES). This paper analyses definitions, scope, schemes and the main actors of the PES as tool to protect the natural capital.

Suggested Citation

  • Giovanni Lagioia & Annarita Paiano, 2011. "Payments for Environmental Services: Ambitious Tools for the Sustainable Use of Natural Capital," MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers], University of Primorska, Faculty of Management Koper.
  • Handle: RePEc:mgt:micp11:257-287
    as

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    References listed on IDEAS

    as
    1. Gómez-Baggethun, Erik & de Groot, Rudolf & Lomas, Pedro L. & Montes, Carlos, 2010. "The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes," Ecological Economics, Elsevier, vol. 69(6), pages 1209-1218, April.
    2. Farley, Joshua & Costanza, Robert, 2010. "Payments for ecosystem services: From local to global," Ecological Economics, Elsevier, vol. 69(11), pages 2060-2068, September.
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