Looking at Payments for Ecosystems Services in the Philippines

Sonny N. Domingo, Arvie Joy A. Manejar and John Joseph S. Ocbina

No DP 2022-49, Discussion Papers from Philippine Institute for Development Studies

Abstract: The payment for ecosystem services (PES) emerges as part of an arsenal of tools for innovative domestic financing for otherwise absent markets relating to natural resource management. Its traditional framework aspects of conditionality, voluntary transaction, at least one buyer and seller, and an identified ecosystem service. However, most domestic cases in the Philippines do not meet the first two criteria. Further to this, existing templates remain dispersed and not harmonized. Common barriers that contribute to these are negotiation bottlenecks, missing policies, and institutions, weak sustainability measures, and data unavailability. Stronger integration with sector-specific initiatives involves pursuing in the long run a legal platform for PES at NGA and subnational levels alongside natural capital management, framing sustainable mechanisms, capitalizing on evolving definition, and riding on ongoing efforts at the national level. Comments to this paper are welcome within 60 days from the date of posting. Email publications@pids.gov.ph.

Keywords: payments for ecosystem services; environment; ecological integrity; ecosystem services (search for similar items in EconPapers)
Pages: 44
Date: 2022
New Economics Papers: this item is included in nep-agr, nep-env and nep-sea
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