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Designing Payments For Ecosystem Services, James Salzman
Designing Payments For Ecosystem Services, James Salzman
Faculty Scholarship
This Policy Series by James Salzman brings attention to a rapidly developing phenomenon—payments for ecosystem services (PES).
Salzman, the Samuel F. Mordecai Professor of Law and the Nicholas Institute Professor of Environmental Policy at Duke University, explains when and where ecosystem services can be provided by voluntary markets rather than government actions. The key to understanding how PES work is rooted in the basis of any voluntary market transaction—gains from trade. One party agrees to take action because another party offers an incentive. Both parties benefit. A beekeeper, for example, brings her hives to an orchard to provide pollination services …
Pursuing Geoengineering For Atmospheric Restoration, James Salzman, Robert B. Jackson
Pursuing Geoengineering For Atmospheric Restoration, James Salzman, Robert B. Jackson
Faculty Scholarship
Geoengineering is fraught with problems, but research on three approaches could lead to the greatest climate benefits with the smallest chance of unintentional environmental harm. The authors propose a model for thinking about geoengineering based on the concept of restoration, suggesting the term “atmospheric restoration.” Under this model geoengineering efforts are prioritized based on three principles: to treat the cause of the disease itself, to reduce the chance of harm, and to prioritize activities with the greatest chance of public acceptance.
Based on these principles, the authors propose three forms of geoengineering that could provide the greatest climate benefits with …