Market-based instruments for ecosystem services: framework and case study in Lishui City, China

Introduction: Effective provision of ecosystem services (ES) and improvements in well-being of residents can be realized through policy interventions of stakeholder behavior. Of the several policies, market-based instruments (MBIs) have become the focus of global attention. Outcomes/others: To coupl...

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Autores principales:	Xiaolong Gao, Weihua Xu, Ying Hou, Zhiyun Ouyang
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	market-based instruments(mbis) market failures ecosystem services(es) ecological public welfare forests Ecology QH540-549.5
Acceso en línea:	https://doaj.org/article/2d3a3eccacb14590b35fd65556bceacc
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spelling	oai:doaj.org-article:2d3a3eccacb14590b35fd65556bceacc2021-12-02T16:16:38ZMarket-based instruments for ecosystem services: framework and case study in Lishui City, China2332-887810.1080/20964129.2020.1835445https://doaj.org/article/2d3a3eccacb14590b35fd65556bceacc2020-12-01T00:00:00Zhttp://dx.doi.org/10.1080/20964129.2020.1835445https://doaj.org/toc/2332-8878Introduction: Effective provision of ecosystem services (ES) and improvements in well-being of residents can be realized through policy interventions of stakeholder behavior. Of the several policies, market-based instruments (MBIs) have become the focus of global attention. Outcomes/others: To couple the theory with practice and solve the key problem of unclear definition of property rights, the framework of MBIs is designed. First, property rights of market creation must be clearly defined, verifiable, transferable, enforceable, and have policy continuity. Then, four key characteristics of MBIs need to be considered in the case design, namely those involving ES, stakeholders, trading mechanisms, and guarantee mechanisms. The Pledge Financing of the Right of the Ecological Public Welfare Forest (PFREPWF) in Lishui City is a typical case of China’s current marketization, which is a supplement and improvement to the ecological compensation policy. Based on clearly defined contract rights, Lishui City has realized the integration of ecological compensation and credit creation. Discussion: The case design still has the problems of lack of quantification and lack of correlations with ES. Conclusion: The theoretical and practical analysis around the market mechanism has reference value for solving market failures and providing environmental services.Xiaolong GaoWeihua XuYing HouZhiyun OuyangTaylor & Francis Grouparticlemarket-based instruments(mbis)market failuresecosystem services(es)ecological public welfare forestsEcologyQH540-549.5ENEcosystem Health and Sustainability, Vol 6, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	market-based instruments(mbis) market failures ecosystem services(es) ecological public welfare forests Ecology QH540-549.5
spellingShingle	market-based instruments(mbis) market failures ecosystem services(es) ecological public welfare forests Ecology QH540-549.5 Xiaolong Gao Weihua Xu Ying Hou Zhiyun Ouyang Market-based instruments for ecosystem services: framework and case study in Lishui City, China
description	Introduction: Effective provision of ecosystem services (ES) and improvements in well-being of residents can be realized through policy interventions of stakeholder behavior. Of the several policies, market-based instruments (MBIs) have become the focus of global attention. Outcomes/others: To couple the theory with practice and solve the key problem of unclear definition of property rights, the framework of MBIs is designed. First, property rights of market creation must be clearly defined, verifiable, transferable, enforceable, and have policy continuity. Then, four key characteristics of MBIs need to be considered in the case design, namely those involving ES, stakeholders, trading mechanisms, and guarantee mechanisms. The Pledge Financing of the Right of the Ecological Public Welfare Forest (PFREPWF) in Lishui City is a typical case of China’s current marketization, which is a supplement and improvement to the ecological compensation policy. Based on clearly defined contract rights, Lishui City has realized the integration of ecological compensation and credit creation. Discussion: The case design still has the problems of lack of quantification and lack of correlations with ES. Conclusion: The theoretical and practical analysis around the market mechanism has reference value for solving market failures and providing environmental services.
format	article
author	Xiaolong Gao Weihua Xu Ying Hou Zhiyun Ouyang
author_facet	Xiaolong Gao Weihua Xu Ying Hou Zhiyun Ouyang
author_sort	Xiaolong Gao
title	Market-based instruments for ecosystem services: framework and case study in Lishui City, China
title_short	Market-based instruments for ecosystem services: framework and case study in Lishui City, China
title_full	Market-based instruments for ecosystem services: framework and case study in Lishui City, China
title_fullStr	Market-based instruments for ecosystem services: framework and case study in Lishui City, China
title_full_unstemmed	Market-based instruments for ecosystem services: framework and case study in Lishui City, China
title_sort	market-based instruments for ecosystem services: framework and case study in lishui city, china
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/2d3a3eccacb14590b35fd65556bceacc
work_keys_str_mv	AT xiaolonggao marketbasedinstrumentsforecosystemservicesframeworkandcasestudyinlishuicitychina AT weihuaxu marketbasedinstrumentsforecosystemservicesframeworkandcasestudyinlishuicitychina AT yinghou marketbasedinstrumentsforecosystemservicesframeworkandcasestudyinlishuicitychina AT zhiyunouyang marketbasedinstrumentsforecosystemservicesframeworkandcasestudyinlishuicitychina
_version_	1718384282494304256

Market-based instruments for ecosystem services: framework and case study in Lishui City, China

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