Payment for ecosystem services

Payments for Ecosystem Services (PES)

Payments for ecosystem services (PES), also known as payments for environmental services (or benefits), are incentives offered to farmers or landowners in exchange for managing their land to provide some sort of ecological service. They have been defined as "a transparent system for the additional provision of environmental services through conditional payments to voluntary providers".[1] These programmes promote the conservation of natural resources in the marketplace.

  1. ^ Tacconi, L (2012). "Redefining payments for environmental services". Ecological Economics. 73 (1): 29–36. doi:10.1016/j.ecolecon.2011.09.028.