Payments for Environmental Services (PES) constitute an innovative economic intervention to counteract the global loss of biodiversity and ecosystem functions. In theory, some appealing features should enable PES to perform well in achieving conservation and welfare goals. In practice, outcomes depend on the interplay between context, design and implementation. Inspecting a new global dataset, we find that some PES design principles pre-identified in the social-science literature as desirable, such as spatial targeting and payment differentiation, are only partially being applied in practice.
Financiado por el Ministerio de Ciencia Innovación y Universidades y la Agencia Estatal de Investigación,
a través de la Convocatoria: Maria de Maeztu 2017 (BOE 21/10/2017) siendo la referencia de nuestro expediente: MDM-2017-0714
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