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 13: Lessons learned and conclusions

Pushpam Kumar

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


From the examples, case studies and subsequent analysis provided in this volume, it can be concluded that payments for ecosystem services (PES) are one of the most cost-effective response measures for managing ecosystems. The analysis confirms that PES schemes offer financial incentives for local actors who provide ecosystem services outside of normal market transactions. Many PES schemes are now being implemented around the world, and cover four main ecosystem services: watershed services, carbon sequestration, landscape beauty and biodiversity conservation. Arriagada and Perrings (Chapter 2) explain that for PES schemes to succeed, they must successfully complete several steps: potential service providers must enrol in the scheme; providers must comply with the terms of their contract; and compliance must result in a change in the provision of the ecosystem service compared with what would have happened without the scheme.

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