Stefano Pagiola

TL;DR: Payments for environmental services (PES) have attracted increasing interest as a mechanism to translate external, non-market values of the environment into real financial incentives for local actors to provide environmental services as mentioned in this paper.

TL;DR: In this article, the authors synthesize the information presented, according to case characteristics with respect to design, costs, environmental effectiveness, and other outcomes, and conclude that user-financed PES programs were better targeted, more closely tailored to local conditions and needs, had better monitoring and a greater willingness to enforce conditionality, and had far fewer confounding side objectives than government-funded programs.

TL;DR: In this paper, the main ways in which Payments for Environmental Services (PES) might affect poverty are examined, and the extent of the impact depends on how many PES participants are in fact poor, on the poors ability to participate and on the amounts paid.

TL;DR: Costa Rica pioneered the use of the payments for environmental services (PES) approach in developing countries by establishing a formal, countrywide program of payments, the PSA program as discussed by the authors.

TL;DR: In this article, market-based mechanisms for forest conservation and development and development are discussed, as well as the benefits of using these mechanisms in the context of water management and watershed preservation.