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Payment for Ecosystem Services
MULT90004 - Sustainability Governance and Leadership
7 Pages • Essays / Projects • Year: Pre-2021
This paper is aimed at discussing the concept of PES and different views on it. In grounding the prima facie case, this paper only focuses on socio-economic concerns including poverty reduction, land tenure and benefit sharing arrangements. Other key issues such as transaction cost, accuracy of the measurement of ecosystem services and other technical feasibility-related factors should also be considered in future work in the PES field.
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