Payments for Ecosystem Services (PES) is an economic conservation tool which has recently gained much attention. It is believed to show a lot of promise in managing natural resources by incentivizing stakeholders to mutually agree on behavioral change which is more sustainable. The environmental impacts of these behavioural changes are quantified and the changes in behaviour rewarded. The state of Uttarakhand, India, forms a part of the Southern Himalayan slope bordering Nepal on the East and China (Tibet) on the North. The state is adversely impacted by changing climate patterns,...
Payments for Ecosystem Services (PES) is an economic conservation tool which has recently gained much attention. It is believed to show a lot of promi...