How does PES work?
Identification of Environmental Services: Determine which environmental services will be compensated, such as forest conservation or restoration of degraded areas.
Voluntary Agreement: A payer (which can be a public or private entity) and a provider (such as a landowner) enter into a voluntary agreement.
Compensation: The payer transfers financial resources or other benefits to the provider in exchange for the maintenance or improvement of the environmental services.
Monitoring and Verification: The providerβs actions are monitored and verified to ensure that the environmental services are being effectively delivered.
Last updated