A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System
Payment for Ecosystem Services (PES) systems are gaining attention worldwide. These systems are an increasingly used incentive structure for conservation, presenting a significant opportunity for science to impact and shape commerce. However, PES systems lack a unifying framework to analyze and eval...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-06-01
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| Series: | Land |
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| Online Access: | https://www.mdpi.com/2073-445X/10/6/637 |
| _version_ | 1797530084435820544 |
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| author | Gordon N. Merrick |
| author_facet | Gordon N. Merrick |
| author_sort | Gordon N. Merrick |
| collection | DOAJ |
| description | Payment for Ecosystem Services (PES) systems are gaining attention worldwide. These systems are an increasingly used incentive structure for conservation, presenting a significant opportunity for science to impact and shape commerce. However, PES systems lack a unifying framework to analyze and evaluate them from multiple perspectives, including ecological revitalization alongside economic and social revitalization. In this study, I formulate a new analytical framework that accommodates both public and private PES systems, and test the framework with hypotheticals from both systems. Utilizing the framework developed, this article shows that publicly-operated PES systems function optimally, as a public system provides optimized benefits regarding societal and ecological outcomes, now and for future generations. |
| first_indexed | 2024-03-10T10:22:54Z |
| format | Article |
| id | doaj.art-dec0ffffde1e42968310e00810025e35 |
| institution | Directory Open Access Journal |
| issn | 2073-445X |
| language | English |
| last_indexed | 2024-03-10T10:22:54Z |
| publishDate | 2021-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Land |
| spelling | doaj.art-dec0ffffde1e42968310e00810025e352023-11-22T00:15:55ZengMDPI AGLand2073-445X2021-06-0110663710.3390/land10060637A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative SystemGordon N. Merrick0Vermont Law School, South Royalton, VT 05068, USAPayment for Ecosystem Services (PES) systems are gaining attention worldwide. These systems are an increasingly used incentive structure for conservation, presenting a significant opportunity for science to impact and shape commerce. However, PES systems lack a unifying framework to analyze and evaluate them from multiple perspectives, including ecological revitalization alongside economic and social revitalization. In this study, I formulate a new analytical framework that accommodates both public and private PES systems, and test the framework with hypotheticals from both systems. Utilizing the framework developed, this article shows that publicly-operated PES systems function optimally, as a public system provides optimized benefits regarding societal and ecological outcomes, now and for future generations.https://www.mdpi.com/2073-445X/10/6/637payment for ecosystem servicesland-useequityjust transitionconservation |
| spellingShingle | Gordon N. Merrick A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System Land payment for ecosystem services land-use equity just transition conservation |
| title | A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System |
| title_full | A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System |
| title_fullStr | A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System |
| title_full_unstemmed | A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System |
| title_short | A Lens for Analysis of Payment for Ecosystem Services Systems: Transitioning the Working Lands Economic Sector from Extractive Industry to Regenerative System |
| title_sort | lens for analysis of payment for ecosystem services systems transitioning the working lands economic sector from extractive industry to regenerative system |
| topic | payment for ecosystem services land-use equity just transition conservation |
| url | https://www.mdpi.com/2073-445X/10/6/637 |
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