Market-based Instruments and Payments for Environmental Services in Forestry: a Real Solution?
Mediterranean forests provide multiple goods and services to society, which do not often find their way to the markets. Their economic nature causes important market failures that prevent the producers from internalising their full value. Consequently, many forest owners do not have incentives to manage their forests in a way that ensures the sustainable and socially optimal provision of those relevant non-marketed goods and services.
Payments for Environmental Services (PES) are schemes which are being applied in some countries. They have been suggested to be adapted to the Mediterranean forestry sector. However, there are also other Market-based Instruments (MBI). Traditionally they have been applied in pollution control, but are they applicable in forestry? (and further natural resources management). Which are the lessons learnt in their implementation in other countries? How similar are MBIs and PES? Which can be the role of Governments in them? Can subsidies and governmental aid to forest owners be considered as payments for environmental services?
EFIMED looks for some answers to these questions and is organising jointly with the Forest Technology Center of Catalonia (CTFC) a workshop with international experts in the topic in Barcelona, on December 17th 2009.
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