 Forests and ecosystem services: Outlines for new policy optionsGregory S. Amacher, Markku Ollikainen and Jussi Uusivuori Forest Policy and Economics, 2014, vol. 47, issue C, 1-3 Abstract: We think beyond the Pigouvian policy approach for correcting forest ecosystem externalities. Not all ecosystem services in forestry are public goods and deserving of government intervention. Interaction in the market by sellers and buyers concerning payments for ecosystem services is possible. Also government representing the interests of the public may enter the market and negotiate with the providers of ecosystem services. Payment for ecosystem services (PES) is a voluntary transaction for a well-defined environmental service that is acquired by a service buyer from a service provider. PES has a potentially important role in forestry contexts. While the provider of any particular ecosystem service is always the forest landowner, the buyer may be an actual user of the ES, a government, an NGO, or international agency acting on behalf of consistencies that value or use the ES. An example of the former is a water company using watershed services sustained by a forest. Payments through REDD and REDD+ serve as an example of the latter. Keywords: Forest ecosystems; Externalities; Public goods; Payments for ecosystem services (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:47:y:2014:i:c:p:1-3 DOI: 10.1016/j.forpol.2014.07.002 Access Statistics for this article Forest Policy and Economics is currently edited by M. Krott More articles in Forest Policy and Economics from Elsevier |
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