2013
DOI: 10.4314/pelj.v16i2.1
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Payment for Ecosystem Services

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“…The field of ecosystem services accounting and valuation is an ongoing area of scientific development. Pardy (2014) describes the three primary approaches for protection of ecosystem services as: (1) a regulatory approach (e.g., da Silva and de Carvalho 2018); (2) payments to protect ecosystem services (e.g., Hirsch 2007;Ruhl 2008;Benjamin 2013;Salzman et al 2018), including investments in green infrastructure (Cosens and Fremier 2014;Salzman et al 2014; da Silva and de Carvalho 2018); and (3) market-based approaches (e.g., Salzman 2005;Hirsch 2007;Glicksman and Kaime 2013;Kaime 2013). From an environmental law perspective, the authority for using valuation and accounting, and the range of potential approaches and methodologies themselves are all areas of ongoing development, case law, and legal debate.…”
Section: Ecosystem Services Accounting Marketsmentioning
confidence: 99%
“…The field of ecosystem services accounting and valuation is an ongoing area of scientific development. Pardy (2014) describes the three primary approaches for protection of ecosystem services as: (1) a regulatory approach (e.g., da Silva and de Carvalho 2018); (2) payments to protect ecosystem services (e.g., Hirsch 2007;Ruhl 2008;Benjamin 2013;Salzman et al 2018), including investments in green infrastructure (Cosens and Fremier 2014;Salzman et al 2014; da Silva and de Carvalho 2018); and (3) market-based approaches (e.g., Salzman 2005;Hirsch 2007;Glicksman and Kaime 2013;Kaime 2013). From an environmental law perspective, the authority for using valuation and accounting, and the range of potential approaches and methodologies themselves are all areas of ongoing development, case law, and legal debate.…”
Section: Ecosystem Services Accounting Marketsmentioning
confidence: 99%
“…58 Indeed, another authority notes that the payment for ecosystem services topic 'is still emerging and frankly not well explored by the legal scholarship', before proceeding to identify the key issues remaining to be addressed by legislators, including the definition of the concept of 'ecosystems services', the basis for payments, the parties to whom payments should be made, the services for which payments should be available and the amounts to be paid. 59 Rieu-Clarke and Spray convincingly conclude that 'at least the basis of an ecosystems approach can be found in the key provisions of international water law' and regard the ecosystems services paradigm as 'a new conceptual framework for the detailed assessment and management of ecosystems in terms of the values and services that flow from ecosystems to humans'. 60 However, they also caution that…”
Section: Ecosystem Servicesmentioning
confidence: 99%