Payments for ecosystem services also known as payments for environmental services (PES) are payments to those who provide ecosystem services. PES is based on the beneficiary pays principle, i.e. payments are made by beneficiaries of ecosystem services (businesses, communities, governments acting on behalf of various parties, individuals).
For centuries, the critical goods and services Nature freely provides has been compromised as a result of disproportionate consumption of ecosystem goods and services in comparison to conservation of these said goods and services. To date, market forces are realigning to equally invest in both ecosystem goods and services – the benefits of such increased investments being increased supply and production of environmental goods and services, thereby fuelling ecological restoration, sustainable economic growth and ensuring continued maintenance of healthy ecosystems.
CariMarine specialises in:
- designing PES schemes
- development of PES schemes
- implementation of PES schemes
- evaluation and monitoring of PES schemes
- drafting PES agreements between eco-suppliers and eco-buyers/beneficiaries
Ecosystem services are Planet Earth’s life support systems that we cannot exist without and are classified as follows:
- Provisioning services, i.e. production of food , water and energy resources
- Regulating services, i.e. climate and disease control and other services vital to healthy ecosystems
- Supporting services, i.e. crop pollination, nutrient cycles and soil formation
- Cultural services, i.e. traditional land use, landscapes, seascapes, spiritual and recreational benefits
At CariMarine we craft PES schemes for various markets to ensure both continued production of Nature’s eco goods and services and preservation of Nature’s eco stores. We specialise in the following:
- Agriculture PES
- Biodiversity PES
- Carbon PES
- Renewable Energy PES
- Water PES
CariMarine recognises that PES represents a remarkable development in environmental conservation. PES explicitly charts environmental protection as a matter of ordering between eco-suppliers and eco-beneficiaries. PES is also an attractive economic incentive to bolster eco-friendly efforts, encourage eco-friendly attitudes, promote eco-friendly practices and influence eco-friendly policies.