Paying for International Environmental Public Goods

Supply of international environmental public goods must meet certain conditions to be socially efficient, and several reasons explain why they are currently undersupplied. Diagnosis of the public goods failure associated with particular ecosystem services is critical to the development of the approp...

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Bibliographic Details
Published in:Ambio 2011-11, Vol.40 (7), p.798-806
Main Authors: Arriagada, Rodrigo, Perrings, Charles
Format: Article
Language:English
Subjects:
Air pollution
Atmospheric Sciences
Biodiversity conservation
Carbon sequestration
Categories
Climate change
Commerce
Compensation and Redress
Consumption
Disease control
Earth and Environmental Science
Ecology
Ecosystem
Ecosystem services
Ecosystems
Environment
Environmental conservation
Environmental Engineering/Biotechnology
Environmental Management
Environmental stewardship
Financing
Forest conservation
Forestry incentives
Global environmental public
Green economics
Infectious diseases
International
International environmental public goods
International trade
Internationality
Investment
Links
Marketing
Mathematical models
Meetings
Nation states
Payments
Payments for ecosystem services
Physical Geography
Provisioning ecosystem services
Public good
Public goods
REDD program
REGULAR SECTION
Responsibilities
REVIEW PAPER
Supply
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Summary:Supply of international environmental public goods must meet certain conditions to be socially efficient, and several reasons explain why they are currently undersupplied. Diagnosis of the public goods failure associated with particular ecosystem services is critical to the development of the appropriate international response. There are two categories of international environmental public goods that are most likely to be undersupplied. One has an additive supply technology and the other has a weakest link supply technology. The degree to which the collective response should be targeted depends on the importance of supply from any one country. In principle, the solution for the undersupply lies in payments designed to compensate local providers for the additional costs they incur in meeting global demand. Targeted support may take the form of direct investment in supply (the Global Environment Facility model) or of payments for the benefits of supply (the Payments for Ecosystem Services model).
ISSN:0044-7447
1654-7209
DOI:10.1007/s13280-011-0156-2