In the recent years, Payment for Ecosystem Service (PES) has entered international forums and earned higher visibility.

On July 17, 2018, Nicholas Hanley, Professor of Environmental and One Health Economics at the University of Glasgow, Scotland, analyzed in a CMCC webinar five recent innovations in improving the design of PES schemes.

These are:

• Methods to encourage spatial coordination of participation;
• Encouraging participation by groups rather than individuals;
• The use of behavioural mechanisms to encourage participation;
• The idea of paying for environmental outcomes, rather than management actions
• and trade-able biodiversity offset schemes.

Watch the video:

During the webinar, Professor Hanley summarized some of the insights of economists and ecologists, who have worked together to understand how effective these different ideas could be in improving the cost-effectiveness and environmental performance of PES schemes around the world.

The webinar was organized in collaboration with BIOECON (BIOdiversity and Economics for Conservation Network).
Presenter: Nicholas Hanley, Professor of Environmental and One Health Economics at the University of Glasgow, Scotland
Moderator: Jaroslav Mysiak, Director of the RAAS Division, Fondazione CMCC – Centro Euro-Mediterraneo sui Cambiamenti Climatici