Posted: July 20th, 2024

Legal framework for payment on ecosystem services (PES)

The other challenge of pricing ecosystem is the issue of structuring and sustaining a legal framework to guide the process. Structuring a legal framework is a challenging process because of the political influence which is usually driven by self-interests. Structuring an effective legal framework is essential for the implementation of PES program. For instance, in Britain, the government’s plan to sell part of the forest was strongly opposed because the government did not work with all the stakeholders such conservationists. This generally means valuing of ecosystem does not provide the full solution of the challenges facing the nature. Food and clean water service can be valued, but it is impossible to value the benefits such as the ability to counter climate change and global warming.

The other aspect of valuing the ecosystem is that it will create private ownership thus barring other people from using the nature. The ratification of strict laws preventing the usage of various natural resources such as forests leads to unwanted activities such as illegal lumbering, mining and poaching with very low conversation. In a research that was conducted in Nepal by the University of Cambridge (2014), areas that were conserved by the local communities showed positive results than the areas that were conversed by the government. Additionally, strict measures on the ecosystem only lead to poverty and lack of essential products such as food and clean water. Instead of pricing the environment, the movement should engage with the local communities in conservation. Pricing the nature does not help conserve but reduces its gains to economic benefits. The politicians may be tempted to only........

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