Payment for Ecosystem Services

{
  "id": "MLC-T-ENV-020413",
  "term": "Payment for Ecosystem Services",
  "field": "Environment",
  "definition": "1. The variety of arrangements through which the beneficiaries of ecosystem services pay back the providers/protectors of those services. Payments encompass the full spectrum of options including, but not limited to, government incentive programs, mitigation banking programs and/or tax programs.\n\n2. The practice of offering incentives to \"ecosystem owners\" in exchange for managing their land to provide some sort of ecological service.",
  "abbreviation": "PES",
  "references": [
    "Core Ecosystem Services Research Program Standard Lexicon",
    "NOAA Coral Reef Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/payment-for-ecosystem-services/"
}