Panel Resources: Payments for Watershed Ecosystem Services
Diving into Water Markets
The use of markets and market-based mechanisms to conserve and pay for ecosystem services is a growing global trend that has gained a solid foothold through both the regulated and voluntary carbon markets and is rapidly gaining traction in the water markets. Furthermore, it is a trend that is no longer solely important to environmentalists but has become of essential interest to small local communities, government regulators, businesses, and financiers all over the world.
Payments for Watershed Services (PWS) encompass innovative private deals, trading schemes, and government programs that have been structured around the concept that watersheds provide valuable services, such as the natural filtration through wetlands, which, if marketed correctly, these services might help watershed conservation pay for itself and generate income for those willing to participate.
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