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 10: Institution and ecosystem functions: the case of Keti Bunder, Pakistan

John M. Gowdy and Aneel Salman

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


A consensus exists among conservation biologists that the Earth is entering a period where loss of biodiversity will be on the scale of the five major extinction episodes during the past 600 million years of complex life. It is no exaggeration to say that human activity within the past 100 years has drastically altered the course of evolution. The International Union for Conservation of Nature (IUCN) estimates that a quarter of mammal species face extinction (Gilbert 2008). At least 12 per cent of birds are threatened, together with 30 per cent of amphibians and 5 per cent of reptiles. Particularly alarming is the state of the world’s oceans and coastal areas.

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