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Payments for Ecosystem Services - A fisheries and aquaculture perspective

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  • Payments for ecosystem services (PES) are positive incentives offered to producers or resource owners in exchange for the provision of a given ecosystem service, such as biodiversity, water regulation, food, recreation and tourism. Interest in applying this economic instrument within the aquatic ecosystems has increased alongside a growing interest in the valuation of aquatic ecosystem services. PES may prove a useful tool for the fisheries and aquaculture management toolbox but what would a PES look like in fisheries and aquaculture and what are some criteria for PES potential? This paper provides an overview of the PES concept and what it might look like in the fisheries and aquaculture context and some thoughts of its usefulness as an economic instrument for fisheries.
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  • Young, Cassandra and D. Ottaviani. 2014. Payments for Ecosystem Services - A fisheries and aquaculture perspective. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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