The global status and trends of Payments for Ecosystem Services

Salzman, James; Bennett, Genevieve; Carroll, Nathaniel; Goldstein, Allie; Jenkins, Michael A.

doi:10.1038/s41893-018-0033-0

Cited by 600 publications

(363 citation statements)

References 36 publications

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“…Another opportunity to increase financial revenues is to develop economic mechanisms to value other goods and services provided by the forest such as carbon storage (e.g. REDD+), hydrology, biodiversity, ecotourism, and non-timber forest product management [61].…”

Section: Future Timber Production In Integrated Forest Landscapesmentioning

confidence: 99%

Can timber provision from Amazonian production forests be sustainable?

Piponiot

Rödig

Putz

et al. 2019

Environ. Res. Lett.

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Around 30 Mm 3 of sawlogs are extracted annually by selective logging of natural production forests in Amazonia, Earth's most extensive tropical forest. Decisions concerning the management of these production forests will be of major importance for Amazonian forests' fate. To date, no regional assessment of selective logging sustainability supports decision-making. Based on data from 3500 ha of forest inventory plots, our modelling results show that the average periodic harvests of 20 m 3 ha −1 will not recover by the end of a standard 30 year cutting cycle. Timber recovery within a cutting cycle is enhanced by commercial acceptance of more species and with the adoption of longer cutting cycles and lower logging intensities. Recovery rates are faster in Western Amazonia than on the Guiana Shield. Our simulations suggest that regardless of cutting cycle duration and logging intensities, selectively logged forests are unlikely to meet timber demands over the long term as timber stocks are predicted to steadily decline. There is thus an urgent need to develop an integrated forest resource management policy that combines active management of production forests with the restoration of degraded and secondary forests for timber production. Without better management, reduced timber harvests and continued timber production declines are unavoidable.

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Section: Future Timber Production In Integrated Forest Landscapesmentioning

confidence: 99%

Can timber provision from Amazonian production forests be sustainable?

Piponiot

Rödig

Putz

et al. 2019

Environ. Res. Lett.

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“…Current ecosystem service markets are either compliance or voluntary markets and are often commercially divided into the three domains of water, carbon and biodiversity, with recent explorations into a more generic natural capital accounting, which can combine these elements into hybrid calculations and payment structures. Payments for ecosystem services (PES) schemes numbered over 550 globally in 2018, representing an estimated US$36–42 billion in annual transactions but remain difficult to grow (Salzman ), not least due to problems in the calculability of value.…”

Section: Phases In the Financialisation Of Nature And Climatementioning

confidence: 99%

Financialisation, Climate Finance, and the Calculative Challenges of Managing Environmental Change

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2019

Antipode

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This article describes the emergent and unstable dispositif of climate finance that is being built from iterative experiments in climate finance provision. The article provides a periodisation of different phases of climate finance from the 1990s onward using examples from REDD+, ecosystem services, the Green Climate Fund, green bonds, and insurance‐based derivatives, and connects this periodisation to broader processes of financialisation. It analyses how climate finance projects incorporate competing systems of accounting denominated in carbon, natural capital, “green‐ness”, insurance risk and internationally transferred mitigation outcomes. The article argues that many accounting units are evident in current climate finance products, each loosely derived from a different phase in this periodisation. However, experiments in calculating time and value in climate finance continue, and although risk is being increasingly used to correlate different denominators of value, an overall solution for how climate change is to be accounted for in financial interventions remains elusive.

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“…Developments on this domain have led to the creation of a novel environmental policy tool designated as Payment for Ecosystem Services (PES). It aims to internalize the positive externalities generated by ecosystems, producing incentives for landowner behavior that creates and ensures the delivery of ES that belong to the realm of public goods (Salzman et al 2018). Nonetheless, PES captures only a fraction of the value, as existence and option values and other benefits are not usually captured by this mechanism.…”

Section: The Step-forward: Pluralistic Valuationmentioning

confidence: 99%

Valuation of Ecosystem Services to promote sustainable aquaculture practices

Custódio

Villasante

Calado

et al. 2019

Reviews in Aquaculture

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Conceptual frameworks to assess and valuate Ecosystem Services (ES) are rapidly becoming important tools for ecosystem‐based management, as they support transdisciplinary approaches to ecological economics and expand current asset boundaries to include natural and social capital. An important area where such ES assessment frameworks could become relevant management tools is aquaculture. Aquaculture activities are an interconnected part of the ecosystem in which they exist and, under certain circumstances, can support many of the same fundamental ES provided by nature. But, in most cases, aquaculture typically increases provisioning services at the expense of the other services (regulation & maintenance and cultural services). To understand the capacity of ES valuation methods to expose existing ES trade‐offs in areas under aquaculture development, this study provides a literature review of publications that assessed and valuated ES delivered and/or impacted by aquaculture. In general, it seems that certain types of aquaculture do negatively impact overall ES delivery (e.g. intensive mangrove shrimp farming in Asia), yet certain modes of production (e.g. integrated multi‐trophic aquaculture) and cultured species (e.g. algae and certain bivalves) can have a positive impact on ES, not only improving provisioning services but also regulation and maintenance services and, potentially, cultural services. ES valuation methods provide important data that facilitate discussion among stakeholders and policymakers and should be included in marine and coastal management planning processes to foster a more sustainable aquaculture.

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The global status and trends of Payments for Ecosystem Services

Cited by 600 publications

References 36 publications

Can timber provision from Amazonian production forests be sustainable?

Can timber provision from Amazonian production forests be sustainable?

Financialisation, Climate Finance, and the Calculative Challenges of Managing Environmental Change

Valuation of Ecosystem Services to promote sustainable aquaculture practices

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