Economic incentives
Payments for ecosystem services and the fatal attraction of win-win solutionsBackgroundPayments for ecosystem services (PES) programs involve valuing and paying stewards of ecosystems for the services that these ecosystems create incentives for conserving them. These programs are sometimes characterized as ‘win-win’ solutions, with the potential to contribute to both biodiversity conservation and poverty reduction. The authors of this paper review the literature on PES programs and highlight some challenges of implementing them. Open access copy available |
The Little Book of Investing in Nature: A simple guide to financing life on earthBackgroundThe authors of this book point out that the international community has missed almost all collective biodiversity targets till date. Insufficient finance or the large gap between the funds that are required for biodiversity conservation and the funds that are allotted and the inappropriate implementation of existing finance mechanisms are part of the reason for the continued decline in global biodiversity. Open access copy available |
Conservation Finance: A FrameworkBackgroundThe authors define conservation finance as “mechanisms and strategies that generate, manage, and deploy financial resources and align incentives to achieve nature conservation outcomes.” Governments are the largest contributors to conservation finance resources, and common mechanisms include grants, subsidies, and fiscal transfers, among others. Open access copy available |
Financing Nature: Closing the Global Biodiversity Financing GapBackgroundThe authors of this report point out that current economic systems promote unsustainable levels of land conversion for infrastructural and agricultural growth and natural resource extraction. They outline some economic and social reasons for protecting nature, and argue that economic systems need to be transformed to incentivize financing biodiversity conservation instead of enabling unsustainable land conversion and natural resource extraction. Open access copy available |
The global status and trends of Payments for Ecosystem ServicesBackgroundAvailable with subscription or purchase |
Payments for Ecosystem Services: Rife with Problems and Potential—For Transformation Towards SustainabilityBackgroundPayments for ecosystem services (PES) are monetary or in-kind payments that are made to land owners or stewards for the ‘services’ that their land provides such as fresh water, climate regulation, and soil formation. These payments are meant to act as an incentive to protect natural landscapes. Research on PES interventions has increased substantially from 2000 onwards. For example, the authors of this study found that there were 13 google scholar search results for “payments for ecosystem services” published before 2000, 182 results for studies published between 2001 and 2006, and 6830 results for studies published between 2007 and 2015. Open access copy available |
The Effectiveness of Payments for Environmental ServicesBackgroundOpen access copy available |
Potential for low-cost carbon removal through tropical reforestationbackgroundThe UNFCCC COP21 (UN Framework Convention on Climate Change Conference of the Parties) created the Paris Agreement in 2015, which pledges to “limit global warming to well below 2, preferably 1.5 °C.” For this to happen, we must both reduce how much carbon dioxide (CO2) that is released and find ways to capture CO2 that is already in the atmosphere. This study explores two ways this might happen using Nature-based Solutions: tree planting in the form of reforestation and afforestation, and the prevention of deforestation. Open access copy available |
Adopt a carbon tax to protect tropical forestsBackgroundThe authors states that the halting of deforestation is critical to addressing climate change and biodiversity loss, the investment in conservation is lacking. Thus, they call upon countries through out the tropics to adopt a carbon tax, which would serve as a disincentive for companies to continue deforestation. Open access copy available |
Can short-term payments for ecosystem services deliver long-term tree cover change?BackgroundWhile payment for ecosystem services (PES) has been lauded has been an effective strategy, particularly to increase tree cover in agricultural areas. Yet, there has been limited evaluation of long-term success, such as that after the payment period. Goals & MethodsTo determine the the long-term effectiveness of PES, the author compares tree cover before and after 13 years of a PES project that promoted silvopastoral systems in Colombia, which was quantified via satellite images. Available with subscription or purchase |
