Making payments for ecosystem services work

Rodrigo Arriagada () and Charles Perrings

Chapter 2 in Values, Payments and Institutions for Ecosystem Management, 2013, pp 16-57 from Edward Elgar Publishing

Abstract: Using a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impact of decisions undertaken to manage ecosystem services worldwide. Invariably, the policies designed and implemented to manage forests, wetlands, and marine and coastal environments often involve conflicts of interest between various stakeholders. This has added an additional layer of complexity in the context of developing countries where institutions and governance are weak or absent. Economic valuation and the subsequent design of innovative response tools such as payment for ecosystem services (PES) have the potential to offer far greater transparency. In the case of LDCs, the identification of suitable institutions for executing these tools is also of vital importance.

Keywords: Development Studies; Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2013
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