18 Oct '12, 12pm

What’s Wrong with Putting a Price on Nature? by Richard Conniff:

The biggest obstacle to monetizing ecological functions is the inability to make them into discreet units for pricing. Ecological systems cannot be dissembled into discreet entities for pricing purposes. Thus, money is a poor surrogate for the value of these services. Posted by Dave on 18 Oct 2012 PES is an attractive idea, with some good examples (for example from the Andes and China). However, in the poorest countries, it faces complex challengs: who, exactly, will receive the payments given that land is often held by small farmers whose own water and land tenure are not secure? How will we prevent elite capture of the benefits? Since the payments per unit of land or water tend to be very low, the benefits accruing to small farmers is too small to be significant incentives for them. We need more innovative thinking about this side, for example pilot testing community-own...

Full article: http://e360.yale.edu/feature/ecosystem_services_whats_wro...

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