Using a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impacts of decisions undertaken to manage ecosystem services worldwide. Invariably, the policies designed and implemented to manage forests, wetlands, and marine and costal 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. With a strong policy focus, the contributors synthesise the scientific approaches to PES, valuation, trade-offs, equity and the institutional requirements to operationalize a credible concept of economic value. The book also addresses the behavioral foundations of creating the incentive design and response policies for ecosystem management. This book will appeal to ecological economics researchers and postgraduate students of conservation and development. Conservation managers, decision makers and development practitioners will also find this resource both interesting and instrumental to their work.
Contents: 1. Values, Payments and Institutions for Ecosystems Management: A Developing Country Perspective Pushpam Kumar and Ibrahim Thiaw 2. Making Payments for Ecosystem Services Work Rodrigo Arriagada and Charles Perrings 3. Valuing Ecosystem Services: Benefits, Values, Space and Time Brendan Fisher, Ian Bateman and R. Kerry Turner 4. Managing Trade-offs in Ecosystem Services Thomas Elmqvist T., Tuvendal M., Krishnaswamy J. and Hylander K. 5. Revisiting the Relationship between Equity and Efficiency in Payments for Ecosystem Services Unai Pascual, Roldan Muradian, Luis C. Rodriguez and Anantha K. Duraiappah 6. Are The Amounts of Payments for Environmental Services Enough to Contribute to Poverty Alleviation Efforts in Developing Countries? Luis C. Rodriguez; Unai Pascual and Roldan Muradian 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 8. Exploring the Potential of Payments for Ecosystem Services for in-situ Agrobiodiversity Conservation Ulf Narloch, Adam G. Drucker, and Unai Pascual 9. Paying for International Environmental Public Goods Rodrigo Arriagada and Charles Perrings 10. Institution and Ecosystem Functions: The Case of Keti Bunder, Pakistan John M. Gowdy and Aneel Salman 11. How Ecosystem-based Restoration Can Yield a Double Dividend of Adaptation to Climate Change and Enhancement of Ecosystem Services James Blignaut 12. The Ethical Foundations of Cultural Diversity in Ecosystems and its Role in Economic Valuation Ian Parker 13. Lessons Learned and Conclusions Pushpam Kumar
