Payment for environmental services

Payment for environmental services (PES) is an emerging paradigm in the management
of environmental resources. Rather than governments relying on regulatory instruments such as prohibitions and standards, PES relies on adopting innovative mechanisms that are tied to incentives, and are fl exible, voluntary, and contextualise the socioeconomic reality. The basic rationale of PES is to provide incentives and benefi ts for people agreeing to utilise ecosystems in ways that protect or enhance