Innovative socio-economic policy for improving environmental performance: Payments for ecosystem services

Flagship1 Jan 2009

The growing numbers of Asia-Pacific Payment for Environmental Services (PES) programmes offers the practitioner considerable insight into the details of design and implementation. However, from a policymaking perspective, there is less experience with developing policy and institutional support that can engage a wide range of potential local, international, public, private, corporate and individual investors. This publication clarifies PES and outline the potential value to policymakers; discuss the major challenges facing the implementation of PES, and highlight selected Asia-Pacic PES schemes.