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Payment for ecosystem services and its applications in India


Affiliations
1 Department of Agricultural Economics, College of Agriculture, Odisha University of Agriculture and Technology, Bhubaneswar 751 003, India., India
2 School of Humanities and Social Science, National Institute of Science Education and Research, Bhubaneswar 752 050, India; Homi Bhabha National Institute, Anushakti Nagar, Mumbai 400 094, India., India
3 ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi 110 012, India., India
 

Ecosystem services are the processes of nature that directly or indirectly benefit human beings. These services need to be conserved through incentive-based market approaches for a sustainable future. Payment for ecosystem services (PES) is one approach that aims to manage natural resources and ecosystem stewardship, wherein the users recompense the conservators of the ecosystem services. While PES has numerous benefits in enhancing the awareness of linkages between human well-being (e.g. poverty alleviation) and ecosystem services, it is constrained by major challenges, especially in developing countries like India. This article reviews the significant issues and challenges of environmental marketing in India and suggests measures to promote PES.

Keywords

Environment, Livelihood Security, Market, Payment for Ecosystem Services, Sustainable Future.
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  • Payment for ecosystem services and its applications in India

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Authors

Suvangi Rath
Department of Agricultural Economics, College of Agriculture, Odisha University of Agriculture and Technology, Bhubaneswar 751 003, India., India
Amarendra Das
School of Humanities and Social Science, National Institute of Science Education and Research, Bhubaneswar 752 050, India; Homi Bhabha National Institute, Anushakti Nagar, Mumbai 400 094, India., India
Shivendra Kumar Srivastava
ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi 110 012, India., India
T. M. Kiran Kumara
ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi 110 012, India., India
Khitish Kumar Sarangi
Department of Agricultural Economics, College of Agriculture, Odisha University of Agriculture and Technology, Bhubaneswar 751 003, India., India

Abstract


Ecosystem services are the processes of nature that directly or indirectly benefit human beings. These services need to be conserved through incentive-based market approaches for a sustainable future. Payment for ecosystem services (PES) is one approach that aims to manage natural resources and ecosystem stewardship, wherein the users recompense the conservators of the ecosystem services. While PES has numerous benefits in enhancing the awareness of linkages between human well-being (e.g. poverty alleviation) and ecosystem services, it is constrained by major challenges, especially in developing countries like India. This article reviews the significant issues and challenges of environmental marketing in India and suggests measures to promote PES.

Keywords


Environment, Livelihood Security, Market, Payment for Ecosystem Services, Sustainable Future.

References





DOI: https://doi.org/10.18520/cs%2Fv124%2Fi7%2F799-806