 Lessons Relearned: Can Previous Research on Incentive-Based Mechanisms Point the Way for Payments for Ecosystem Services?B Kelsey Jack, Carolyn Kousky and Katharine Sims No 15, CID Working Papers from Center for International Development at Harvard University Abstract: Payments for ecosystem services (PES) are policies in which individuals or communities are compensated for undertaking actions that increase the provision of ecosystem services such as water purification, flood mitigation, and carbon sequestration. PES policies rely on incentives to induce behavioral change, and can thus be considered part of the broader class of incentive- or market-based mechanisms for environmental policy. By recognizing PES programs as incentive-based mechanisms, policy-makers can draw on insights from the substantial body of accumulated knowledge about these instruments in order to gain a better understanding of the conditions under which PES schemes are likely to be environmentally effective, cost-effective, and equitable. In this paper, we offer six lessons from theoretical and empirical research on incentive-based mechanisms that we think deserve explicit consideration when designing and evaluating PES policies. Keywords: environmental policy; market-based instruments; payments for ecosystem services; incentive payments; environmental benefits (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:cid:wpfacu:15 Access Statistics for this paper More papers in CID Working Papers from Center for International Development at Harvard University 79 John F. Kennedy Street. Contact information at EDIRC. |
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