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ANTONII [103]
3 years ago
7

Discuss the advantages of PES policy compared to other instruments such as tax, subsidy and direct control.

Business
1 answer:
Vladimir [108]3 years ago
8 0
PES or Payments for Ecosystem Services has several advantage :

- It could raise awareness of the values of biodiversity and ecosystem
- opportunities for communities to access a new market
-  potential platform to integrate conservation and climate effort into a common policy framework
- Facilitates the transition from an economy of production to an economy of stewardship
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