The cost-effectiveness of conservation performance payments
Ferraro, Paul J.
MetadataShow full item record
International donors invest billions of dollars to conserve ecosystems in low-income nations. The most common investments aim to encourage commercial activities, such as ecotourism, that indirectly generate ecosystem protection as a joint product. We demonstrate that paying for ecosystem protection directly can be far more cost-effective. Although direct-payment initiatives have imposing institutional requirements, we argue that all conservation initiatives face similar challenges. Thus conservation practitioners would be well advised to implement the first-best direct-payment approach, rather than a second-best policy option. An empirical example illustrates the spectacular cost savings that can be realized by direct-payment initiatives.
Showing items related by title, author, creator and subject.
Harsch, E.; Philipose, L.; Munyakho, D.; Munyakho, S.; Sawadogo, J.M.; Sawadogo, M. (1995)A collection of seven papers examining the action of a number of communities throughout Africa to halt environmental degradation and conserve their local environmental resources. The first paper (Harsch, pp.2-7,40) examines ...
Developing optimum level of soil nutrient management for maize in conservation agriculture production system (CAPS) Mercado, Agustin R., Jr.; Edralin, Don Immanuel; Arcinal, Gil A.; Reyes, Manuel R. (2014)Maie is the main staple crop in the conservation agriculture production system in this acid upland soil where it is traditionally grown twice a year. Appropriate fertility management is important so that optimum yield and ...
Zurita, P. (2005)This presentation describes the concept of conservation incentive agreements (CIAs) and discusses the case study of Guyana. Additionally, the Conservation Stewards Program, another PES-type initiative, and CIFOR's PES water ...