Payments for Environmental Services (PES), sometimes called Payments for Ecosystem Services, are a popular intervention in GEF projects that aim to generate ongoing financial incentives for environmental objectives. This advisory document summarizes the evidence base for PES effectiveness and the key issues to consider in the design and selection of PES programs in the GEF portfolio. Publication Date: December 2008 (Revised on March 2010) Authors: Sven Wunder, Sheila Wertz-Kanounnikoff and Paul Ferraro DOWNLOAD
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