Integrating ecosystem markets to co-ordinate landscape-scale public benefits from nature
Ecosystem markets are proliferating around the world in response to increasing demand for climate change mitigation and provision of other public goods. However, this may lead to perverse outcomes, for example where public funding crowds out private investment or different schemes create trade-offs...
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| Veröffentlicht in: | PloS one 2022-01, Vol.17 (1), p.e0258334-e0258334 |
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| creator | Reed, Mark S Curtis, Tom Gosal, Arjan Kendall, Helen Andersen, Sarah Pyndt Ziv, Guy Attlee, Anais Fitton, Richard G Hay, Matthew Gibson, Alicia C Hume, Alex C Hill, David Mansfield, Jamie L Martino, Simone Olesen, Asger Strange Prior, Stephen Rodgers, Christopher Rudman, Hannah Tanneberger, Franziska |
| description | Ecosystem markets are proliferating around the world in response to increasing demand for climate change mitigation and provision of other public goods. However, this may lead to perverse outcomes, for example where public funding crowds out private investment or different schemes create trade-offs between the ecosystem services they each target. The integration of ecosystem markets could address some of these issues but to date there have been few attempts to do this, and there is limited understanding of either the opportunities or barriers to such integration. This paper reports on a comparative analysis of eleven ecosystem markets in operation or close to market in Europe, based on qualitative analysis of 25 interviews, scheme documentation and two focus groups. Our results indicate three distinct types of markets operating from the regional to national scale, with different modes of operation, funding and outcomes: regional ecosystem markets, national carbon markets and green finance. The typology provides new insights into the operation of ecosystem markets in practice, which may challenge traditionally held notions of Payment for Ecosystem Services. Regional ecosystem markets, in particular, represent a departure from traditional models, by using a risk-based funding model and aggregating both supply and demand to overcome issues of free-riding, ecosystem service trade-offs and land manager engagement. Central to all types of market were trusted intermediaries, brokers and platforms to aggregate supply and demand, build trust and lower transaction costs. The paper outlines six options for blending public and private funding for the provision of ecosystem services and proposes a framework for integrating national carbon markets and green finance with regional ecosystem markets. Such integration may significantly increase funding for regenerative agriculture and conservation across multiple habitats and services, whilst addressing issues of additionality and ecosystem service trade-offs between multiple schemes. |
| doi_str_mv | 10.1371/journal.pone.0258334 |
| format | Article |
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However, this may lead to perverse outcomes, for example where public funding crowds out private investment or different schemes create trade-offs between the ecosystem services they each target. The integration of ecosystem markets could address some of these issues but to date there have been few attempts to do this, and there is limited understanding of either the opportunities or barriers to such integration. This paper reports on a comparative analysis of eleven ecosystem markets in operation or close to market in Europe, based on qualitative analysis of 25 interviews, scheme documentation and two focus groups. Our results indicate three distinct types of markets operating from the regional to national scale, with different modes of operation, funding and outcomes: regional ecosystem markets, national carbon markets and green finance. The typology provides new insights into the operation of ecosystem markets in practice, which may challenge traditionally held notions of Payment for Ecosystem Services. Regional ecosystem markets, in particular, represent a departure from traditional models, by using a risk-based funding model and aggregating both supply and demand to overcome issues of free-riding, ecosystem service trade-offs and land manager engagement. Central to all types of market were trusted intermediaries, brokers and platforms to aggregate supply and demand, build trust and lower transaction costs. The paper outlines six options for blending public and private funding for the provision of ecosystem services and proposes a framework for integrating national carbon markets and green finance with regional ecosystem markets. Such integration may significantly increase funding for regenerative agriculture and conservation across multiple habitats and services, whilst addressing issues of additionality and ecosystem service trade-offs between multiple schemes.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0258334</identifier><identifier>PMID: 35020743</identifier><language>eng</language><publisher>United States: Public Library of Science</publisher><subject>Agricultural economics ; Agriculture ; Biology and Life Sciences ; Carbon ; Carbon - economics ; Climate change ; Climate change mitigation ; Comparative analysis ; Conservation ; Conservation of Natural Resources - economics ; Costs ; Councils ; Documentation ; Earth Sciences ; Ecology and Environmental Sciences ; Economic aspects ; Ecosystem ; Ecosystem services ; Ecosystems ; Environmental policy ; Europe ; Finance ; Financing ; Focus Groups ; Food ; Free trade ; Funding ; Green economy ; Humans ; Integration ; Interviews as Topic ; Land management ; Markets ; Nature ; Peatlands ; Public goods ; Qualitative analysis ; Qualitative research ; Regenerative agriculture ; Regions ; Science Policy ; Services ; Social Sciences ; Society ; Supply & demand ; Tradeoffs ; Transaction costs ; Typology</subject><ispartof>PloS one, 2022-01, Vol.17 (1), p.e0258334-e0258334</ispartof><rights>COPYRIGHT 2022 Public Library of Science</rights><rights>2022 Reed et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><rights>2022 Reed et al 2022 Reed et al</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c692t-768fe37ceefd87964ae4859de07ac0ecd80f0a0ffbf00d52bade3819b916cef3</citedby><cites>FETCH-LOGICAL-c692t-768fe37ceefd87964ae4859de07ac0ecd80f0a0ffbf00d52bade3819b916cef3</cites><orcidid>0000-0003-4502-3583 ; 0000-0002-8958-8474</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC8754326/pdf/$$EPDF$$P50$$Gpubmedcentral$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC8754326/$$EHTML$$P50$$Gpubmedcentral$$Hfree_for_read</linktohtml><link.rule.ids>230,314,723,776,780,860,881,2096,2915,23845,27843,27901,27902,53766,53768,79343,79344</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/35020743$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Reed, Mark S</creatorcontrib><creatorcontrib>Curtis, Tom</creatorcontrib><creatorcontrib>Gosal, Arjan</creatorcontrib><creatorcontrib>Kendall, Helen</creatorcontrib><creatorcontrib>Andersen, Sarah Pyndt</creatorcontrib><creatorcontrib>Ziv, Guy</creatorcontrib><creatorcontrib>Attlee, Anais</creatorcontrib><creatorcontrib>Fitton, Richard G</creatorcontrib><creatorcontrib>Hay, Matthew</creatorcontrib><creatorcontrib>Gibson, Alicia C</creatorcontrib><creatorcontrib>Hume, Alex C</creatorcontrib><creatorcontrib>Hill, David</creatorcontrib><creatorcontrib>Mansfield, Jamie L</creatorcontrib><creatorcontrib>Martino, Simone</creatorcontrib><creatorcontrib>Olesen, Asger Strange</creatorcontrib><creatorcontrib>Prior, Stephen</creatorcontrib><creatorcontrib>Rodgers, Christopher</creatorcontrib><creatorcontrib>Rudman, Hannah</creatorcontrib><creatorcontrib>Tanneberger, Franziska</creatorcontrib><title>Integrating ecosystem markets to co-ordinate landscape-scale public benefits from nature</title><title>PloS one</title><addtitle>PLoS One</addtitle><description>Ecosystem markets are proliferating around the world in response to increasing demand for climate change mitigation and provision of other public goods. However, this may lead to perverse outcomes, for example where public funding crowds out private investment or different schemes create trade-offs between the ecosystem services they each target. The integration of ecosystem markets could address some of these issues but to date there have been few attempts to do this, and there is limited understanding of either the opportunities or barriers to such integration. This paper reports on a comparative analysis of eleven ecosystem markets in operation or close to market in Europe, based on qualitative analysis of 25 interviews, scheme documentation and two focus groups. Our results indicate three distinct types of markets operating from the regional to national scale, with different modes of operation, funding and outcomes: regional ecosystem markets, national carbon markets and green finance. 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Such integration may significantly increase funding for regenerative agriculture and conservation across multiple habitats and services, whilst addressing issues of additionality and ecosystem service trade-offs between multiple schemes.</description><subject>Agricultural economics</subject><subject>Agriculture</subject><subject>Biology and Life Sciences</subject><subject>Carbon</subject><subject>Carbon - economics</subject><subject>Climate change</subject><subject>Climate change mitigation</subject><subject>Comparative analysis</subject><subject>Conservation</subject><subject>Conservation of Natural Resources - economics</subject><subject>Costs</subject><subject>Councils</subject><subject>Documentation</subject><subject>Earth Sciences</subject><subject>Ecology and Environmental Sciences</subject><subject>Economic aspects</subject><subject>Ecosystem</subject><subject>Ecosystem services</subject><subject>Ecosystems</subject><subject>Environmental 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Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Reed, Mark S</au><au>Curtis, Tom</au><au>Gosal, Arjan</au><au>Kendall, Helen</au><au>Andersen, Sarah Pyndt</au><au>Ziv, Guy</au><au>Attlee, Anais</au><au>Fitton, Richard G</au><au>Hay, Matthew</au><au>Gibson, Alicia C</au><au>Hume, Alex C</au><au>Hill, David</au><au>Mansfield, Jamie L</au><au>Martino, Simone</au><au>Olesen, Asger Strange</au><au>Prior, Stephen</au><au>Rodgers, Christopher</au><au>Rudman, Hannah</au><au>Tanneberger, Franziska</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Integrating ecosystem markets to co-ordinate landscape-scale public benefits from nature</atitle><jtitle>PloS one</jtitle><addtitle>PLoS One</addtitle><date>2022-01-12</date><risdate>2022</risdate><volume>17</volume><issue>1</issue><spage>e0258334</spage><epage>e0258334</epage><pages>e0258334-e0258334</pages><issn>1932-6203</issn><eissn>1932-6203</eissn><abstract>Ecosystem markets are proliferating around the world in response to increasing demand for climate change mitigation and provision of other public goods. However, this may lead to perverse outcomes, for example where public funding crowds out private investment or different schemes create trade-offs between the ecosystem services they each target. The integration of ecosystem markets could address some of these issues but to date there have been few attempts to do this, and there is limited understanding of either the opportunities or barriers to such integration. This paper reports on a comparative analysis of eleven ecosystem markets in operation or close to market in Europe, based on qualitative analysis of 25 interviews, scheme documentation and two focus groups. Our results indicate three distinct types of markets operating from the regional to national scale, with different modes of operation, funding and outcomes: regional ecosystem markets, national carbon markets and green finance. The typology provides new insights into the operation of ecosystem markets in practice, which may challenge traditionally held notions of Payment for Ecosystem Services. Regional ecosystem markets, in particular, represent a departure from traditional models, by using a risk-based funding model and aggregating both supply and demand to overcome issues of free-riding, ecosystem service trade-offs and land manager engagement. Central to all types of market were trusted intermediaries, brokers and platforms to aggregate supply and demand, build trust and lower transaction costs. The paper outlines six options for blending public and private funding for the provision of ecosystem services and proposes a framework for integrating national carbon markets and green finance with regional ecosystem markets. Such integration may significantly increase funding for regenerative agriculture and conservation across multiple habitats and services, whilst addressing issues of additionality and ecosystem service trade-offs between multiple schemes.</abstract><cop>United States</cop><pub>Public Library of Science</pub><pmid>35020743</pmid><doi>10.1371/journal.pone.0258334</doi><tpages>e0258334</tpages><orcidid>https://orcid.org/0000-0003-4502-3583</orcidid><orcidid>https://orcid.org/0000-0002-8958-8474</orcidid><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1932-6203 |
| ispartof | PloS one, 2022-01, Vol.17 (1), p.e0258334-e0258334 |
| issn | 1932-6203 1932-6203 |
| language | eng |
| recordid | cdi_plos_journals_2619174958 |
| source | Public Library of Science (PLoS) Journals Open Access; MEDLINE; DOAJ Directory of Open Access Journals; PAIS Index; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; PubMed Central; Free Full-Text Journals in Chemistry |
| subjects | Agricultural economics Agriculture Biology and Life Sciences Carbon Carbon - economics Climate change Climate change mitigation Comparative analysis Conservation Conservation of Natural Resources - economics Costs Councils Documentation Earth Sciences Ecology and Environmental Sciences Economic aspects Ecosystem Ecosystem services Ecosystems Environmental policy Europe Finance Financing Focus Groups Food Free trade Funding Green economy Humans Integration Interviews as Topic Land management Markets Nature Peatlands Public goods Qualitative analysis Qualitative research Regenerative agriculture Regions Science Policy Services Social Sciences Society Supply & demand Tradeoffs Transaction costs Typology |
| title | Integrating ecosystem markets to co-ordinate landscape-scale public benefits from nature |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-03T01%3A01%3A12IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_plos_&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Integrating%20ecosystem%20markets%20to%20co-ordinate%20landscape-scale%20public%20benefits%20from%20nature&rft.jtitle=PloS%20one&rft.au=Reed,%20Mark%20S&rft.date=2022-01-12&rft.volume=17&rft.issue=1&rft.spage=e0258334&rft.epage=e0258334&rft.pages=e0258334-e0258334&rft.issn=1932-6203&rft.eissn=1932-6203&rft_id=info:doi/10.1371/journal.pone.0258334&rft_dat=%3Cgale_plos_%3EA689350619%3C/gale_plos_%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2619174958&rft_id=info:pmid/35020743&rft_galeid=A689350619&rft_doaj_id=oai_doaj_org_article_72ad548498564930ab50e8fd363c8538&rfr_iscdi=true |