Engel, Stefanie; Pagiola, Stefano; Wunder, Sven - In: Ecological Economics 65 (2008) 4, pp. 663-674
Payments for environmental services (PES) have attracted increasing interest as a mechanism to translate external, non-market values of the environment into real financial incentives for local actors to provide environmental services (ES). In this introductory paper, we set the stage for the...