Localizing Demand and Supply of Environmental Services: Interactions With Property Rights, Collective Action and the Welfare of the Poor
Payments for environmental services (PES) are increasingly discussed asappropriate mechanisms for matching the demand for environmental services with theincentives of land users whose actions modify the supply of those environmentalservices. While there has been considerable discussion of the institutional mechanismsfor PES, relatively little attention has been given to the inter-relationships between PESinstitutions and other rural institutions.