A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System

Gordon N. Merrick
Additional contact information
Gordon N. Merrick: Vermont Law School, South Royalton, VT 05068, USA

Land, 2021, vol. 10, issue 6, 1-19

Abstract: Payment for Ecosystem Services (PES) systems are gaining attention worldwide. These systems are an increasingly used incentive structure for conservation, presenting a significant opportunity for science to impact and shape commerce. However, PES systems lack a unifying framework to analyze and evaluate them from multiple perspectives, including ecological revitalization alongside economic and social revitalization. In this study, I formulate a new analytical framework that accommodates both public and private PES systems, and test the framework with hypotheticals from both systems. Utilizing the framework developed, this article shows that publicly-operated PES systems function optimally, as a public system provides optimized benefits regarding societal and ecological outcomes, now and for future generations.

Keywords: payment for ecosystem services; land-use; equity; just transition; conservation (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2073-445X/10/6/637/pdf (application/pdf)
https://www.mdpi.com/2073-445X/10/6/637/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:10:y:2021:i:6:p:637-:d:575553

Access Statistics for this article

Land is currently edited by Ms. Carol Ma

More articles in Land from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().