Panel Resources: Combining Multiple PES Markets

May 2, 2009
By admin

Common sense would seem to dictate that land generating the greatest environmental good should also command the highest price in the ecosystem marketplace, and that one way to do that might be to let people stack different ecosystem values on the same patch of land.  In the real world, however, such schemes are proving difficult to construct.

Some say the best way to create incentives to restore the most environmentally valuable properties is to let landowners sell restoration credits garnered from a single location into multiple ecosystem markets.  Others say that would be an old-fashioned double-dip that benefits the landowner without generating any additional good for the environment.

Environmental scientists say it’s a moot argument – because even if it works in theory, no one knows how to implement it, at least in the current regulatory framework.

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