Payments for Ecosystem Services

Authored by: Roy Brouwer

Routledge Handbook of Ecosystem Services

Print publication date:  January  2016
Online publication date:  January  2016

Print ISBN: 9781138025080
eBook ISBN: 9781315775302
Adobe ISBN:

10.4324/9781315775302-48

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Abstract

Payments for ecosystem services (PES) aim to translate the often non-market value of environmental goods and services into financial incentives to preserve the ecosystems that provide these services (Salzman, 2005; Wunder et al., 2008). The basic principle behind PES is that resource owners and communities who are in a position to provide ecosystem services should be compensated for the cost of that provision, and that those who benefit from these services should pay for them, thereby internalizing the benefits.

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