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This book provides a one-stop source of information on implementing Payment for Environmental Services(PES). PES addresses the problem of environmental degradation by compensating landowners/managers for the ecosystem services that their land provides through enabling the factoring of environmental services in the household production functions and decision-making. The book provides methods for economic valuation of environmental services, policies and institutions necessary to implement PES. Themes in this book are based on environmental services of watershed management, biodiversity...

Kenyas indigenous forests continue to face severe degradation from the adjacent communities who depend on the natural resource. Wass (1995) estimated the people living adjacent to forests in Kenya to be approximately 2.9 million. This is almost a tenth of the total population. This book assesses the influence of different socioeconomic factors on Households Willingness to Pay (WTP) for forest conservation using Contingent Valuation Method (WTP).This book uses a study that was carried out in Mount Elgon District of Kenya using a sample size of 120 households. Multistage and purposive sampling...