Wertz-Kanounnikoff, S., B. Locatelli, S. Wunder and M. Brockhaus
This paper addresses this gap by analyzing the opportunities and constraints of PES as an instrument for EBA. Specifically, we examine the potential for PES to address key elements for adaptation by focusing on three pathways: the user side, the provider side, and institutional and societal change. In addition, we assess whether PES fulfils key requirements for adaptation policy instruments, notably effectiveness, efficiency, and equity and legitimacy. We find that PES are not a panacea for all environmental services and country contexts, but can be promising adaptation policy instruments where certain preconditions are met and synergies prevail.
Climate and Development