What are ecosystem services?
Ecosystem services are generally defined as the benefits people obtain from ecosystems.
What are ecosystem service markets?
Ecosystem service markets are financial mechanisms designed to enhance or maintain benefits people obtain from ecosystems. Landowners providing ecosystem services (sellers) receive payment from those that benefit (buyers) from the services provided, just like in traditional markets.
What are some examples of ecosystem service markets?
Government or public payments – Financial assistance programs, tax credits, or subsidies to private landowners for protecting, enhancing, or restoring an ecosystem service.
Voluntary markets – Payment made to landowners by businesses or conservation groups for public relations, ethical reasons, or to protect assets and investments.
Regulatory based – Payment made to landowners by businesses or individuals to comply with environmental policy or regulations.