Journal article

Increasing Conservation Efficiency While Maintaining Distributive Goals With the Payment for Environmental Services

Long Chu, R Quentin Grafton, Rodney Keenan

ECOLOGICAL ECONOMICS | ELSEVIER SCIENCE BV | Published : 2019

Abstract

A key challenge in designing Payment for Environmental Services (PES) programs is to balance conservation efficiency with equity where, typically, decision makers do not have practical and quantitative tools to consider the possible trade-offs. Here, we propose a policy-relevant and implementable ‘win-settle’ model that allows PES decision makers to maximize efficiency while considering the distributive equity associated with beneficiary payments. To demonstrate our approach, we calibrate the model to a current PES program in Vietnam that has one of the world's most comprehensive and self-sustained payment schemes for forest conservation. The results indicate that our approach could generate..

View full abstract

University of Melbourne Researchers