Valuation and payments for forest ecosystem service: Concepts, principles and indicators
It is meant to account for forest's ecosystem services (ES) on an equal footing with the market economy while deciding the standard of payments for ecosystem services (PES) by approach of valuing the forest's ES.However several problems bedevil the application of valuation approach.One is what should count.The others include what are the valuation principles,and how value the stock or the flux of ES.In this paper,ecology and economics theory were used to describe what should be counted and the principles should be followed.The types of ES value and ES flux were clearly defined and evaluated as well.
forest ecosystem servicespayments for ecosystem servicestypes of valueprinciplesIndicators