This paper reviews recent literature on Payments for Ecosystem Services (PES) to
understand the conditions influencing the successful implementation of PES schemes and …

Paying for the provision of environmental services is a recent policy innovation attracting
much attention in both developed and developing countries. This innovation, referred to as …

The Environmental Economics and the Ecological Economics perspectives on payments for
environmental services (PES) propose rather different views on how to define PES, its key …

Market-based approaches to environmental management, such as payments for ecosystem
services (PES), have attracted unprecedented attention during the past decade. In this …

There is a limited understanding of the conditions under which payments for ecosystem
services (PES) programmes achieve improvements in ecosystem service (ES) flows …

Highlights•The effectiveness and equity of payments for ecosystem services (PES) in the
tropics are reviewed.•PES are generally environmentally effective but unfair.•There are …

Payment for ecosystem services (PES) is commonly defined as a market-based
environmental policy instrument to efficiently achieve ecosystem services provision …

Over the past 20 years, payments for ecosystem services (PES) has become increasingly
popular as a mechanism to promote environmentally sustainable land-use practices, and a …

Observed trade-offs between environmental conservation and poverty alleviation objectives
continue to divide scholars on the ability of Payment for Ecosystem Services (PES) programs …

Market instruments such as Payment for Ecosystem Services (PES) emerged as a concept to
compensate and encourage landowners to improve land management practices for the …