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Innovative Socio-Economic Policy for Improving Environmental Performance

Payments for Ecosystem Services

image of Innovative Socio-Economic Policy for Improving Environmental Performance

Abstract

The conventional “grow first, clean up later” approaches to economic growth are increasingly placing the futures of regional economies and societies at risk. The forward-thinking policymaker is tasked to promote development based on eco-efficient economic growth and at the same time, record more inclusive gains in human welfare and socio-economic progress. In order to assist policymakers in responding to such challenges, ESCAP’s “Greening of economic growth” series provides quick access to easy-to-read guidance to specific policy tools.

Table of Contents

Abbreviations and acronyms

Introduction: Natural capital, ecosystem services, PES and the green growth challenge

What is PES?

Why is PES generating so much interest?

What does PES bring to the policy table?

What are the main challenges of PES design and implementation?

PES: Selected experiences

References

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