On 17 July (12:30PM CEST) CMCC (Centro Euro-Mediterraneo sui Cambiamenti Climatici) and BIOECON (BIOdiversity and Economics for Conservation Network) on “Improving the design of Payment for Ecosystem Services Schemes”.
In the recent years, the concept and practice of Payment for Ecosystem Service (PES) has entered international forums and earned higher visibility. In this CMCC-BIOECON webinar, Nick Hanley, Professor of Environmental and One Health Economics at the University of Glasgow, Scotlandis will analyze five recent innovations in improving the design of PES schemes. These are:
- Methods to encourage spatial coordination of participation;
- Encouraging participation by groups rather than individuals;
- The use of behavioural mechanisms to encourage participation;
- The idea of paying for environmental outcomes, rather than management actions and
- Tradeable biodiversity offset schemes.
Professor Nick Hanley will also summarise insights from economists that have worked with ecologists to understand how effective these different ideas could be in improving the cost-effectiveness and environmental performance of PES schemes around the world.