Governing high-integrity markets for ecosystem services

Mark S. Reed, Julia M. McCarthy, Eric A. Jensen, Rosie Everett and Hannah Rudman

Ecosystem Services, 2025, vol. 75, issue C

Abstract: There is growing global interest in the potential for ecosystem markets to facilitate climate and nature recovery. Yet, poorly designed and operated markets are prone to corporate “greenwashing” and negative consequences for nature and local communities. With the rapid scaling of ecosystem markets around the world, there is a need to systematically analyse ecosystem market governance principles, and identify the practical steps needed to implement these principles at national scales across multiple high-integrity ecosystem markets. The majority of principles published to date are designed to be applied at international scales or within single markets. However, national policy oversight is essential to ensure emerging ecosystem markets deliver natural capital outcomes and wider public benefits appropriate to the jurisdictions in which they operate.

Keywords: Natural capital; Ecosystem services; Payments for ecosystem services; Nature markets; Environmental policy and governance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:75:y:2025:i:c:s2212041625000646

DOI: 10.1016/j.ecoser.2025.101760

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