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Payments for Environmental Services (PES) has become a popular means to neoliberalize biodiversity conservation throughout the world. Yet research on PES is increasingly focused on debating exactly how neoliberal programmes really are, documenting complexities in PES implementation and concluding that few programmes are very market-based in practice. While we agree that ideal neoliberal implementation...
The definition and underpinning economic theory of market-based instruments (MBIs) for ecosystem services (ES) are yet unsettled matters. A refinement of their scope and a careful use of terms might facilitate communication among stakeholders and policy-makers. This article thus answers the research question: “How are MBIs for ecosystem services defined, reflected and assessed?”.We analyse a sample...
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