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Encyclopedia of Energy, Natural Resource, and Environmental Economics
This paper evaluates the effectiveness of five payment for ecosystem service (PES) schemes at meeting conservation objectives when the spatial configuration is important in meeting desired landscape patterns. The five PES schemes are: 1) fee-simple acquisition; 2) subsidies; 3) tradable development rights (TDR) with zoning; 4) mitigation banking; and 5) purchased development rights (PDR) easements. Findings are that tradeoffs exist between PES schemes for meeting spatial conservationdoi:10.1016/b978-0-12-375067-9.00108-x fatcat:p5wcu6xhyncspbn4dkwkpt4guy