White, A.Scherr, Sara J.Khare, A.2016-04-192016-04-192004ITTO Technical Series No 214 902045 10 92452_Scherr2004_For_Services_Rendered_MES_tro.pdfhttp://hdl.handle.net/10919/66948This study explains the types of ecosystem markets already in place and their characteristics, before identifying three important strategic issues to be considered in policy-making: the recognition of property rights and development of national legal frameworks, the design of market schemes to provide equal access to low income stakeholders, and the need to reduce transaction costs and financial risks. Finally, the study defines knowledge gaps related to market instruments, legal and regulatory frameworks, practical data on costs, and capacity building.application/pdfen-USCopyright International Tropical Timber Organization 2004. Except for ITTO logo, graphical and textual information in this publication may be reproduced in whole or part provided that it is not sold or put to commercial use and its source is acknowledged.Rural developmentCarbon sequestrationStakeholdersDeforestationIncome generationPayments for environmental servicesTropical zonesNon-wood forest productsEnvironmental servicesMarketsPovertyReforestationSustainable forestryBiodiversity conservationTropical forestsEcosystem servicesEcosystem marketsProperty rightsLegal frameworksMarket schemesTransaction costsMarket instrumentsFinancial incentivesTropical timberForest conservationWatershed protectionLow-income producersTechnical report