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 7: Unifying environmental and social protection: learning from PES and CCT in developing countries

Luis C. Rodriguez, Unai Pascual, Roldan Muradian, Nathalie Pazmino and Stuart Whitten

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

Extract

Environmental conservation and poverty alleviation are the two key policy areas that continue to receive increasing attention from governments, donors and non-governmental organizations (NGOs) in the developing world. The complex links between poverty and environmental degradation continue to be the focus of much research and debate and it is unlikely to be closed (Dasgupta 2003; Ruijs et al. 2008). However, there is increasing consensus about the policy instruments to be used to tackle both problems, albeit in a rather piecemeal approach. The current thrust is mostly on payments for ecosystem services (PES) to correct market failures that lead to excessive levels of environmental degradation (Pagiola et al. 2005; Wunder 2006, 2008; Bulte and Zilberman 2008; Engel et al. 2008; Pascual et al. 2010). On the other hand, conditional cash transfer (CCT) programmes are being implemented to correct market failures that lead to underinvestment in social protection in developing countries (Schubert 2005; Chapman 2006; Farrington and Slater 2006).

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