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A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System

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  • Gordon N. Merrick

    (Vermont Law School, South Royalton, VT 05068, USA)

Abstract

Payment for Ecosystem Services (PES) systems are gaining attention worldwide. These systems are an increasingly used incentive structure for conservation, presenting a significant opportunity for science to impact and shape commerce. However, PES systems lack a unifying framework to analyze and evaluate them from multiple perspectives, including ecological revitalization alongside economic and social revitalization. In this study, I formulate a new analytical framework that accommodates both public and private PES systems, and test the framework with hypotheticals from both systems. Utilizing the framework developed, this article shows that publicly-operated PES systems function optimally, as a public system provides optimized benefits regarding societal and ecological outcomes, now and for future generations.

Suggested Citation

  • Gordon N. Merrick, 2021. "A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System," Land, MDPI, vol. 10(6), pages 1-19, June.
    • Handle: RePEc:gam:jlands:v:10:y:2021:i:6:p:637-:d:575553
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    References listed on IDEAS

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