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Payments for Ecosystem Services Financing Nature-Based Solutions

In: Financing Nature-Based Solutions

Author

Listed:
  • Robert C. Brears

    (Our Future Water)

Abstract

While ecosystem services (ES) are critical to sustainable development, they have been damaged and degraded by human activities and natural disasters, leading to a decline of ES. Of the various measures available to protect ES supply, payments for ecosystem services (PES) schemes are the most cost-effective. This chapter will first discuss the conditions that define a PES scheme before discussing the range of PES schemes available. The chapter will then review the opportunities in which PES schemes may arise. Finally, the chapter will review the phases involved in developing and implementing a PES scheme.

Suggested Citation

  • Robert C. Brears, 2022. "Payments for Ecosystem Services Financing Nature-Based Solutions," Palgrave Studies in Impact Finance, in: Financing Nature-Based Solutions, chapter 0, pages 135-159, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-93325-8_7
    DOI: 10.1007/978-3-030-93325-8_7
    as

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