Values, Payments and Institutions for Ecosystem Management

Values, Payments and Institutions for Ecosystem Management

A Developing Country Perspective

Edited by Pushpam Kumar and Ibrahim Thiaw

Using a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impact of decisions undertaken to manage ecosystem services worldwide. Invariably, the policies designed and implemented to manage forests, wetlands, and marine and coastal environments often involve conflicts of interest between various stakeholders. This has added an additional layer of complexity in the context of developing countries where institutions and governance are weak or absent. Economic valuation and the subsequent design of innovative response tools such as payment for ecosystem services (PES) have the potential to offer far greater transparency. In the case of LDCs, the identification of suitable institutions for executing these tools is also of vital importance.

Preface

Edited by Pushpam Kumar and Ibrahim Thiaw

Subjects: development studies, development economics, economics and finance, development economics, environmental economics, environment, ecological economics, environmental economics, management natural resources, valuation

Extract

The outcome of the United Nations Conference on Sustainable Development (UNCSD) in Rio de Janeiro in 2012 (Rio+20) ‘The Future We Want’ describes the importance of an Inclusive Green Economy in the context of sustainable development and poverty eradication. The consensus emerging from world leaders is clear and loud for broader measures of progress to complement conventional indices such as gross domestic product (GDP) and sustainable management of ecosystems and economy. There have been persistent efforts over the last two decades to reform our national accounting system through ‘green accounting’ or ‘inclusive wealth’ measures. It is expected that one of these new measures will finally provide a yardstick for sustainable development. These improved measures of national performance will also reflect our institutional and political commitments through the Agenda 21 document ‘Our Common Future’ of the 1992 Earth Summit at Rio and ‘The Future We Want’ document accepted at Rio+20 in 2012.