Towards Establishment of a Payment for Ecosystem Services (PES) in Protected Areas: The Case of Mounts Banahaw and San Cristobal in Quezon Province, Philippines

Article Details

Luisito C. Abueg, lcabueg@up.edu.ph, De La Salle University Manila, Philippines
Julie Carl P. Ureta, lcabueg@up.edu.ph, De La Salle University Manila, Philippines
Arlene B. Inocencio, , University of the Philippines Los Baños, Laguna, Philippines

Journal: DLSU Business and Economics Review
Volume 31 Issue 1 (Published: 2021-07-01)

Abstract

This paper examines the potential of establishing payments for ecosystem services in the Mounts Banahaw and San Cristobal Protected Landscape. The findings show that this process entails more than just determining the willingness to pay those who are benefiting from the ecosystem services. It also requires the buy-in of potential sellers. More important is clearly defining the product, that is, what the buyers will be paying for and what the sellers will be providing, so that the ecosystem service will be sustained. In addition, identification of some third parties to mediate between buyers and sellers and to serve as fund manager are critical components. Overall, the experiences of Sariaya and Dolores may provide useful insights for other areas considering payment for ecosystem services as a way to sustain ecosystem services.

Keywords: ecosystem services, payments for environment services, protected area management, watershed management, willingness to pay

DOI: https://www.dlsu.edu.ph/wp-content/uploads/2021/08/DLSUBER.2021.July_.1abueg-revised.pdf
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