Payments for bundled services
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Any ecosystem provides several kinds of environmental services at the same time. As we know, a tropical forest sequesters carbon, provides watershed services, is aesthetically beautiful, and conserves biodiversity. Selling only a few environmental services may not cover the opportunity cost of conserving the entire ecosystem. Instead, conservationists may need to organize payments for as many environmental services as possible. However, this will increase the transaction costs associated with selling each service individually. The solution may lie in bundling these services and selling them as a single product.
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How important will different types of compensation and reward mechanisms be in shaping poverty & ecosystem services across Africa, Asia & Latin America over the next two decades? Scherr, S.J.; Milder, J.C.; Bracer, C. (Nairobi, Kenya: World Agroforestry Centre, 2007)The development of Compensation and Rewards for Environmental Services (CRES) will have differential impact on poor resource managers and poor consumers depending upon the characteristics of the resource itself, the financial ...
Getting started before you begin: Experiences from environmental service benefit transfer schemes in Indonesia Beria, L.; Prihatno, J. (2005)'Payment for environmental services' (PES), or what we refer to in this paper as 'rewards for environmental services', is recognised as an innovative scheme to achieve the dual goals of environmental conservation and poverty ...
Ortiz Malavasi, E. (2002)The Payments for Environmental Services Program (PESP) implemented in Costa Rica is an alternative approach to halt environmental degradation derived from deforestation in low income nations. In this system, land owners ...