are contracts where consumers pay a ‘green premium’ on top of the market price for a production scheme that is certified to be environmentally friendly (Wunder, 2005).
Synonym: product-based schemes
See also: value chain approachesare cooperation models to valorise environmental public goods within value chains. To ensure consumer trust, companies increasingly demand greater transparency about the management and delivery of public goods on supplier farms. S... More
References
Wunder, S., 2005. Payments for Environmental Servicesare the services that humans render to each other to maintain or increase certain ecosystem services (Karsenty, 2013). Environmental services are a sub-group of ecosystem services that are characterised by externalities (FAO, 2007... More: Some Nuts and Bolts. CIFOR Occasional Paper No. 42. Centre for International Forestry Research: Bogor.
