Research Seminar: Improving the design of Payment for Ecosystem Service schemes: some new results

Research Seminar: Improving the design of Payment for Ecosystem Service schemes: some new results
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This is a past event

Professor Nick Hanley, Professor of Environmental and One Health Economics in the Institute of Biodiversity, Animal Health and Comparative Medicine at the University of Glasgow will deliver a research seminar on 20th October at 3pm-4.15pm.

 

Title: Improving the design of Payment for Ecosystem Service schemes: some new results

 

Abstract: Payment for Ecosystem Service (PES) policies incentivise private landowners to increase the supply of a non-market ecosystem service – or biodiversity conservation – which is valued by society. PES schemes are now applied globally in a wide range of policy contexts. In this paper, I look at four innovations which are designed to improve the economic efficiency and/or environmental effectiveness of such schemes, in a setting of asymmetric information. These are (i) paying for outcomes rather than actions (ii) making use of non-monetary incentives, and changes in the choice architecture (iii) collective action schemes and (iv) incentivising spatial coordination.

 

Professor Nick Hanley is an environmental economist who mainly works on the application of economic methods (including behavioural economics) to biodiversity conservation, invasive species, and measures of sustainability. Nick is also interested in choice modelling and cost-benefit analysis; marine systems; the design of environmental policy (especially Payment for Ecosystem Service schemes); the economics of pollination; and ecological-economic modelling. He is an Associate Editor of Resource and Energy Economics.

 

Contact

Please contact Dr Yu Aoki for more details and how to register: y.aoki@abdn.ac.uk

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