Georgieva, K.Pagiola, StefanoDeeks, P.2016-04-192016-04-192003Presented at the Fifth World Parks Congress: Sustainable Finance Stream, Durban, South Africa, 8-17 September 20032488_Georgieva2003_Paying_ES_protected_area_P.pdfhttp://hdl.handle.net/10919/66989The environmental services provided by natural ecosystems are often taken for granted until they are lost. These services may include hydrological benefits, sedimentation reduction, disaster prevention, and biodiversity conservation. A new approach known as Payment for Environmental Services (PES) charges downstream users for the services they receive and uses the proceeds to finance upstream conservation. Private sector companies are among the most important users of environmental services, and need to play a large role in PES efforts.application/pdfen-USIn CopyrightMarket demandPayments for environmental servicesProgram planningEnvironmental servicesParksWater qualityPESProtected areasMarket-based mechanismsPresentation