market-based mechanisms
Global market for ecosystem services surges to $36 billion in annual transactions
New article in Nature Sustainability tracks global payments for ecosystems services
In the early 1990s, New York City began paying for land management in the Catskills watershed to ensure safe drinking water for the city, avoiding the cost of building an expensive water treatment plant. New York City provides just one example of a growing number of programs – called payments for ecosystem services (PES) – …
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