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To
respond to trade-related capacity building development needs in the area of
environmental management, the DSD is working towards improving market-based
approaches to the conservation of biological diversity, through the support
of Payment for Ecological Service Payments (PES). Innovative financial
instruments for conservation including Payment for Ecological Services (PES)
are increasingly used as tools to implement conservation policies at the
national level. The DSD
is identifying innovative private sector partnerships in environment-related
financing through the compilation of recent and
proposed PES systems, recent trends in nature and conservation swap-payment
schemes, and systems, as well as an assessment of the enabling public sector
mechanisms required to support such PES systems. This will include the role
of land tenure and property rights, fiscal and regulatory systems, and other
policies.
Some of
the outcomes in this area include:
(1) An
inventory of payments for ecological services,
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(2) An
analysis of supporting laws and public policies.
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(3)
Compilation of best practices in payment for ecological services;
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(4)
Developing a hemispheric approach to payment for ecological services.
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