Due to the degradation of ecosystem worldwide, the valuable environmental services they provide have also declined. One of the important reasons for this fact is that many of the environmental services provided by the forest are characterized by their public good nature like carbon sequestration or are associated with positive externalities like watershed services. As a result there has been a growing search for the solution among which Payment for Environmental Services is one. The central principle of the PES approach is that those who provide environmental services should be...
Due to the degradation of ecosystem worldwide, the valuable environmental services they provide have also declined. One of the important reasons fo...