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 benefits to society. These benefits can include clean water, carbon sequestration, and biodiversity conservation. By incentivizing sustainable practices, PES aims to protect ecosystems while supporting local economies.
PES programs often involve agreements between service providers, such as farmers or landowners, and beneficiaries, which can include governments, businesses, or non-profit organizations. This approach encourages the preservation of ecosystems like forests, wetlands, and grasslands, ensuring that their valuable services continue for future generations.