Duration:
Jan 03, 2022 to Dec 29, 2022
Funding Agency:
Philippine Institute for Development Studies
Focus Area(s):
Agriculture, Natural Resources, and Environmental Management

The contributions of environmental services to the country’s economy and ecological integrity initiatives need to be recognized. Multifaceted risks from climate change and anthropological acts (including their externalities, non-excludability, and intangibility) make conservation initiatives increasingly relevant to both economic opportunities and challenges. Payment for ecosystems services (PES) provide innovative domestic financing, funding solutions, and mechanisms for otherwise absent markets for environmental services. Payment for ecosystem services has been gaining ground/momentum over the past two decades. Incentives for sustainable management of ecosystems through PES can boost action on sound ecosystem management (UNESCAP). Missing environment markets have facilitated emergence of valuation approaches, many of which have been used in independent studies to evaluate the services provided by habitats and locations. While these have been successful in estimating value and fiscal contributions, rarely had these been assessed whether valuations have informed management options. As evaluation and empirical data contribute to the greater inclusion of environment in economic development, looking at existing approaches and cases becomes integral in informing future mechanisms and assessing their effectiveness in capturing the real value of ecosystem services in various contexts. This study looks at domestic PES applications, particularly on grounded payment mechanisms for ecological integrity services. It will look at how PES, as a vehicle for change advocacies, has been contributing to local development and environmental sustainability initiatives. It will tackle the two-way role of valuation as to how it facilitates for environment presence in economic discussions, and how such results to stronger protection of natural resource alongside development.

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