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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.

Suggested Citation

  • Marangon, Francesco & Troiano, Stefania, 2012. "New tools for EU agricultural sector and rural areas. Which role for Payments for Ecosystem Services?," 126th Seminar, June 27-29, 2012, Capri, Italy 126053, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaa126:126053
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    File URL: http://purl.umn.edu/126053
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    4. Vatn, Arild, 2010. "An institutional analysis of payments for environmental services," Ecological Economics, Elsevier, vol. 69(6), pages 1245-1252, April.
    5. 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..
    6. Gutman, Pablo, 2007. "Ecosystem services: Foundations for a new rural-urban compact," Ecological Economics, Elsevier, vol. 62(3-4), pages 383-387, May.
    7. 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.
    8. 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.
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    More about this item

    Keywords

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

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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