Life on Land

Living Edition
| Editors: Walter Leal Filho, Anabela Marisa Azul, Luciana Brandli, Pinar Gökcin Özuyar, Tony Wall

Payment for Ecosystem Services (PES)

  • Rita LopesEmail author
  • Nuno Videira
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-71065-5_90-1

Synonyms

Definition

Ecosystem services (ES), a concept made widely known by the Millennium Ecosystem Assessment, are usually understood as the benefits people obtain from nature (MEA 2005). As this concept evolved, ES debates emphasized the development and application of different approaches to value and make these benefits visible (Costanza et al. 1997; Gómez-Baggethun et al. 2010; TEEB 2010). Within this field of research, Market Based Instruments appeared as a solution to management and conservation of ecosystem services. These instruments include carbon trading, wetland banking, biodiversity offset, and payments for ecosystem services (PES).

Payments for ecosystem services are voluntary mechanisms to preserve ES through transactions between beneficiaries and providers of those services (Wunder 2005). Different definitions can be found in the literature, some more...

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.CENSE – Center for Environmental and Sustainability ResearchNOVA University of LisbonLisbonPortugal

Section editors and affiliations

  • Anabela Marisa Azul
    • 1
  1. 1.Center for Neuroscience and Cell BiologyUniversity of CoimbraCoimbraPortugal