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.

Chapter 4: Managing trade-offs in ecosystem services

Thomas Elmqvist, Magnus Tuvendal, Jagdish Krishnaswamy and Kristoffer Hylander

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

Extract

The concept of ecosystem services was successfully introduced into the global policy arena by the Millennium Ecosystem Assessment (Millennium Ecosystem Assessment 2005) and has been welcomed by both the conservation and development communities as a potential bridge between the biodiversity and sustainable development discourses (e.g. Tallis et al.2008). Ecosystem services are here defined following the recent perspectives developed within the The Economics of Ecosystems and Biodiversity (TEEB 2010) study as ‘the direct and indirect contributions of ecosystems to human well-being’. Despite the apparent success of the concept of ecosystem services, progress in practical applications in land-use planning and local decision-making has been slow (e.g. Naidoo et al. 2008; Daily et al. 2009).

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