Payments for ecosystem services (PES)
Payments for ES are conditional payments offered to providers (e.g. farmers or landowners) in exchange for employing management practices that enhance ES provision (Potschin & Burkhard 2015; Tacconi 2012) 1) 2). They are a monetary instrument for the maintenance and development of typically regulating ES (CO2 Sequestration, Mediation of water or soil, etc.). The customer receiving the service and paying for it can be the actual beneficiaries (Beneficiary) of the ES (citizens, companies, communities) or other stakeholders (national government, NGOs).
Potschin, M. & Burkhard, B. (2015): Glossary for Ecosystem Service mapping and assessment terminology. Deliverable D1.4. EU Horizon 2020 ESMERALDA Project, Grant agreement No. 642007., checked on 4/22/2016.
Tacconi, L. (2012): Redefining payments for environmental services. In: Ecological Economics 73, p. 29–36.
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