Payment For Ecosystem Services
Payment for Ecosystem Services (PES) is a financial mechanism that compensates individuals or communities for managing natural resources in a way that provides ecological benefits. This approach encourages sustainable practices by rewarding landowners or resource managers for actions that enhance biodiversity, improve water quality, or sequester carbon.
PES programs can involve various stakeholders, including governments, non-governmental organizations, and private companies. By creating a market for ecosystem services, such as clean water or carbon storage, PES aims to align economic incentives with environmental conservation, promoting a healthier planet while supporting local livelihoods.