Ecosystem services such as clean water from forests are free, but now their value is being recognized. Entrepreneurs are developing markets for these services and providing incentives for conservation.
Peter Hill, Shawn Regan
Entrepreneurs are capitalizing on ecotourism and environmental amenities to transform an agricultural economy into a nature-based economy.
Markets for ecosystem services such as water filtration, erosion control, and pollination benefit the providers and enhance environmental assets.
This workshop will consider the potential for contracting for ecosystem services by focusing on the transaction costs of such contracting, other impediments to contracting, and public policies that could promote market transactions. Specific focal areas include: water quality and quantity, wildlife...
Todd Ben-Dor, a 2010 PERC Lone Mountain Fellow, examines the U.S. ecosystems services market that requires environmental restoration to offset aquatic resource damages. As the need for mitigation banking increases, he has studied forces affecting this growing market.