As part of the recent conference on Payments for Ecosystem Services, IIED produced a flyer examining the link between ecosystems, business models and value chains. Moreover, the brief reviewed factors that contribute to success of PES schemes.
Payments for Ecosystem Services (PES) is a mechanism that rewards landholders and communities for managing their natural resources more sustainably – such as through carbon sequestration, maintaining water quality or protecting biodiversity – while sharing the costs with those who benefit. To succeed in smallholder and community projects, PES projects need to improve farm productivity while managing associated costs – and clear project design and monitoring are essential for generating legitimacy and credibility. But the associated costs are a major challenge for these projects that struggle to reach economies of scale.
Find the full flyer here