Payments for Ecosystem Services is the name given to a variety of arrangements through which the beneficiaries of environmental services, from watershed protection and forest conservation to carbon sequestration and landscape beauty, reward those whose lands provide these services with subsidies or market payments.
Arranging payments for the benefits provided by forests, fertile soils and other natural ecosystems is a way to recognize their value and ensure that these benefits continue well into the future.
Across the world, environmental conservation is critical to secure the flow of ecosystem services that are essential for people and nature. With funding for natural resource management dwindling, a variety of PES schemes have emerged as potential sources of sustainable financing for conservation.
Payments for Ecosystem Services encourage the maintenance of natural ecosystems through environmentally friendly practices that avoid damage for other users of the natural resources. In addition to preserving natural resources, this method improves rural areas and rural lifestyles.