Skip to main content

Toward a Rational Exuberance for Ecosystem Services Markets

Buy Article:

$29.50 plus tax (Refund Policy)

Abstract:

Ecosystem services markets have become a popular topic among environmental policymakers and ecosystem protection advocates. Their proponents view markets as a promising new way to finance conservation of threatened ecosystems worldwide at a time when the need for additional protection seems especially critical. Their advocates in forestry promise that such markets will soon offer new financial opportunities to forest landowners to augment or even replace income from the sale of timber, thereby increasing financial incentives for landowners to retain land in forests. But what is the real promise in ecosystem services markets and what can realistically be achieved by their implementation? We provide an overview of how environmental markets work in theory and discuss several issues that influence how effective they can be. We conclude that the promise of ecosystem services markets greatly depends on the particular circumstances of program implementation, including what services are to be traded and whether they are amenable to trading, the ability to enact and enforce regulation sufficient to induce trading, and how expected program results compare with those likely to arise from other conservation policy approaches.

Keywords: ecosystem protection; forest amenities; land-use change; open space preservation

Document Type: Research Article

Publication date: 2009-06-01

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.

    2015 Impact Factor: 1.476
    Ranking: 22 of 66 in forestry

    Also published by SAF:
    Forest Science
    Other SAF Publications
  • Submit a Paper
  • Membership Information
  • Author Guidelines
  • Podcasts
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free ContentFree content
  • Partial Free ContentPartial Free content
  • New ContentNew content
  • Open Access ContentOpen access content
  • Partial Open Access ContentPartial Open access content
  • Subscribed ContentSubscribed content
  • Partial Subscribed ContentPartial Subscribed content
  • Free Trial ContentFree trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more