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...