Townsend, P.V., R.J. Harper, P.D. Brennan, C. Dean, S. Wu, K.R.J. Smettem and S.E. Cook
This paper highlights the value of bundling payments for environmental services (PES) from watershed restoration, including water quality improvement and carbon sequestration coupled with wood production, and compares the net returns with the existing agricultural land-use, using as an example the 408 000 ha Warren–Tone watershed (WT) in south-western Australia. Payments for activities that lead to improvements in water quality could represent a new, additional source of income for landholders on the proviso that there is sufficient reforestation to reach the potable threshold. Alternatively, costs could be imposed on those whose land-use practices cause the release of salt into waterways.
Forest Policy and Economics