ABSTRACT
Payments for ecosystem services (PES) is a relatively new instrument for conservation. This chapter outlines the challenges policy makers face when using payments for ecosystem services to promote sustainable natural resource management. It explains why PES is relevant to local policy makers (8.1), offers a description and definition of PES and outlines issues related to the effective design and implementation of PES (8.2). We also illustrate how the TEEB six-step approach can be applied to PES schemes as well as action points for local policy in 8.3.
