Payment for Ecosystem Services

Payment for Ecosystem Services (PES) is a financial arrangement where people or organizations are compensated for maintaining or enhancing natural environments. This could involve farmers receiving payments for protecting forests, which in turn help with air quality, water resources, and biodiversity. PES recognizes the value of the services that nature provides, such as clean water and carbon storage, encouraging conservation efforts. By providing financial incentives, PES aims to promote sustainable practices that benefit both ecosystems and communities while addressing environmental challenges.