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The Historical Context of Payments for Environmental Services: A Trend Towards Public–Private Partnerships

In: The Sustainable Provision of Environmental Services

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  • Philipp Aerni

    (University of Zurich)

Abstract

This chapter discusses the history of PES in developed and developing countries and illustrates its challenges and opportunities by means of concrete cases. The cases include projects designed to provide different environmental services (clean water, carbon sequestration, biodiversity preservation, etc.) applying different public PES schemes as well as public private partnerships. The experience indicates that the lack of financial sustainability of PES projects is a major reason for the reversibility of environmental improvements once external funding stops. Long-term financial sustainability can however be achieved, if PES projects allow for the creation of markets for environmental goods driven by innovative local entrepreneurs. Such hybrid PES schemes may be especially adequate for developing countries that face financial constraints on different levels.

Suggested Citation

  • Philipp Aerni, 2016. "The Historical Context of Payments for Environmental Services: A Trend Towards Public–Private Partnerships," CSR, Sustainability, Ethics & Governance, in: The Sustainable Provision of Environmental Services, edition 127, chapter 0, pages 1-31, Springer.
    • Handle: RePEc:spr:csrchp:978-3-319-19345-8_1
    DOI: 10.1007/978-3-319-19345-8_1
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    Cited by:

    1. Gaglio, M. & Lanzoni, M. & Goggi, F. & Fano, E.A. & Castaldelli, G., 2023. "Integrating payment for ecosystem services in protected areas governance: The case of the Po Delta Park," Ecosystem Services, Elsevier, vol. 60(C).

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