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Paying for Environmental Services: A Trial in Vietnam

Author

Listed:
  • Bui Dung

    (College of Economics, Hue University)

  • Hong Bich Ngoc

    (College of Economics, Hue University)

Abstract

One of the most difficult challenges facing developing countries is balancing the needs of rural people with the demands of nature conservation. All too often, conflicts occur because local needs are not taken into account in conservation planning. One of the more promising approaches to solving this problem involves paying local people to protect and conserve the environment. Such 'Payments for Environmental Services'(PES) compensate rural people for any income they might forgo when farming or forestry is constrained in protected area and reward them for contributing to the common good.

Suggested Citation

  • Bui Dung & Hong Bich Ngoc, 2007. "Paying for Environmental Services: A Trial in Vietnam," EEPSEA Policy Brief pb2007012, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 2007.
  • Handle: RePEc:eep:pbrief:pb2007012
    as

    Download full text from publisher

    File URL: http://www.eepsea.org/pub/pb/11703873341ThePB3.pdf
    File Function: First version, 2007
    Download Restriction: no
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    More about this item

    Keywords

    Environmental services; Vietnam;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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