Payments for Environmental Services: Past Performance and Pending Potentials

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dc.creatorWunder, Sven
dc.creatorBörner, J.
dc.creatorEzzine-de-Blas, D.
dc.creatorFeder, S.
dc.creatorPagiola, S.
dc.date2020-10-06
dc.date2021-03-08T09:05:25Z
dc.date2021-03-08T09:05:25Z
dc.date.accessioned2026-06-27T14:03:33Z
dc.descriptionWe develop a theory of change for payments for environmental services (PES) to review their imminent strengths and weaknesses in light of a growing body of impact evaluation studies. We show that PES are probably at least as environmentally additional as other conservation tools, based on the limited evidence. The original vision of PES as being direct, flexible, and potentially effective remains valid, but PES design and implementation have to be upgraded in their economic functioning to better realize this potential. Adverse self-selection, inadequate administrative targeting, and ill-enforced conditionality constitute three key obstacles that may considerably hamper PES success. Policies such as spatial targeting to service density, threat and cost levels, and payment differentiation can alleviate the design challenges. PES site selection needs to further move into high-threat areas. Making adequate PES design choices also requires the political will to boost environmental effects.
dc.identifierhttps://hdl.handle.net/10568/112899
dc.identifier.urihttp://hdl.handle.net/123456789/72583
dc.languageen
dc.publisherAnnual Reviews
dc.rightsLimited Access
dc.sourceWunder, S., Börner, J., Ezzine-de-Blas, D., Feder, S. and Pagiola, S., 2020. Payments for Environmental Services: Past Performance and Pending Potentials. Annual Review of Resource Economics, 12. https://doi.org/10.1146/annurev-resource-100518-094206
dc.subjectecosystem services
dc.titlePayments for Environmental Services: Past Performance and Pending Potentials
dc.typeJournal Article

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Centro para la Investigación Forestal Internacional (CIFOR)