Payments for environmental services - reducing emissions from deforestation and degradation (PES-REDD) in Mexico: a strategy to guarantee the performanence of forest carbon stocks)
A particular issue within global climate change mitigation strategies in the agriculture, forestry and other land use sector is the permanence of created climate benefits linked to local costs. The related policy challenge is to address these global externalities and align them with local incentives. Accordingly, this research elaborates on the policy instrument Payment for Environmental Services (PES) which may be used for Reducing Emissions from Deforestation and Degradation (REDD) to mitigate concerns of permanence. lt analyzes the Mexican context of common property regimes and its influence on policy design and land-use decisions. lt investigates how PES contracts may ensure permanence of emission reductions over predetermined periods of time, while maintaining necessary flexibility in dealing with changing conditions. ...