Designing payments for ecosystem services: Lessons from previous experience with incentive-based mechanisms.

@article{Jack2008DesigningPF,
  title={Designing payments for ecosystem services: Lessons from previous experience with incentive-based mechanisms.},
  author={B. Kelsey Jack and Carolyn Kousky and Katharine R E Sims},
  journal={Proceedings of the National Academy of Sciences of the United States of America},
  year={2008},
  volume={105 28},
  pages={9465-70}
}
Payments for ecosystem services (PES) policies compensate individuals or communities for undertaking actions that increase the provision of ecosystem services such as water purification, flood mitigation, or carbon sequestration. PES schemes 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 that PES programs are incentive-based, policymakers can draw on insights… CONTINUE READING
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