The Historical Context of Payments for Environmental Services: A Trend Towards Public–Private Partnerships

Philipp Aerni
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Philipp Aerni: University of Zurich

Chapter Chapter 1 in The Sustainable Provision of Environmental Services, 2016, pp 1-31 from Springer

Abstract: Abstract This chapter discusses the history of PES in developed and developing countries and illustrates its challenges and opportunities by means of concrete cases. The cases include projects designed to provide different environmental services (clean water, carbon sequestration, biodiversity preservation, etc.) applying different public PES schemes as well as public private partnerships. The experience indicates that the lack of financial sustainability of PES projects is a major reason for the reversibility of environmental improvements once external funding stops. Long-term financial sustainability can however be achieved, if PES projects allow for the creation of markets for environmental goods driven by innovative local entrepreneurs. Such hybrid PES schemes may be especially adequate for developing countries that face financial constraints on different levels.

Keywords: Clean Development Mechanism; Common Agricultural Policy; Positive Externality; Financial Sustainability; Sustainable Agricultural Practice (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-19345-8_1

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DOI: 10.1007/978-3-319-19345-8_1

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