"Could Payments for Ecosystem Services Create an "Ecosystem Service Curse

Bibliographic Data

ID4239299
AuthorsJakub Kronenberg (0000-0003-4903-2401, University of Lodz), Klaus Hubacek (0000-0003-2561-6090, University of Maryland, College Park)
Year2013
Volume18
Issue1
Publication date2013-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueConservation Ecology (JOURNAL)
Journal identifiersISSN: 1195-5449 • E-ISSN: 1708-3087
PublisherResilience Alliance (PUBLISHER • CA)
DOI10.5751/es-05240-180110
OpenAlexW2334870261
LanguageEN
Citations received22
References cited65

Payments for ecosystem services (PES) have received much praise and are increasingly perceived as a promising tool to ensure the protection of global ecosystems as well as being able to help alleviate poverty in areas rich in ecosystem services. Given current trends, the scale of payments is likely to grow, creating new circumstances within which ecosystem services will be managed. In this dynamic context, following a precautionary approach, one should focus on establishing systems to handle the risks involved. Based on an analogy to resources that have long been included in the system of market transactions, we suggest that the rapid development of PES can negatively influence regional and potentially national economies. Resource revenues are highly correlated with economic problems in poor countries that are not able to use those revenues to ensure sound development. Problems similar to those that affect resource-rich countries may emerge in the case of economies rich in ecosystem services once PES increase in spatial and monetary scale. The most prominent examples of such problems include rent seeking, unequal bargaining power of buyers and sellers, volatility of payments, which are all related to the quality of institutions. To ensure the long-term positive impacts of PES, such systems should be carefully designed paying particular attention to distribution of property rights and transparency, decentralization of revenues, and capacity building to ensure further development opportunities

Business · Economics · Ecosystem · Ecosystem services · Environmental resource management · Natural resource economics · Payment · Payment for ecosystem services · Conservation, Biodiversity, and Resource Management · Economic and Environmental Valuation · Environmental Science · Land Use and Ecosystem Services · Ecology · Finance

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