“…Despite PES programs in freshwater ecosystems being the most widespread by geographical distribution and transaction value (Salzman et al, 2018), terrestrial and marine ecosystems have received the most attention, particularly in the context of protected areas implementation (Dawson et al, 2018; Schreckenberg et al, 2016; Zafra‐Calvo et al, 2017), REDD+ evaluation (Börner et al, 2020; Brimont et al, 2015; Pascual et al, 2014; Saeed et al, 2018; Schroeder & McDermott, 2014), and marine protected areas (MPAs) or fishing regulations (Bennett et al, 2020; Daw et al, 2015; Eriksson et al, 2019; Gill et al, 2019; Halpern et al, 2013). In fact, the implementation of PES initiatives that aim to establish environmental flows (e‐flows) for freshwater ecosystems have received little attention (Auerbach et al, 2014; Bellver‐Domingo et al, 2016; Hu et al, 2016; Lopes Simedo et al, 2020). E‐flows initiatives aim to keep water in rivers at specific quantities and times to help sustain the structure and function of flowing freshwater systems and are key to bending the curve on freshwater biodiversity declines (Tickner et al, 2020).…”