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Market-Based Instruments for Ecosystem Services: Institutional Innovation or Renovation?

Valérie Boisvert, Philippe Méral, Géraldine Froger · 2013 · Society & Natural Resources

Summary. Market-based instruments for ecosystem services have proliferated globally, but their actual institutional design varies widely from their theoretical promise. This paper examines payments for environmental services and biodiversity offsets—both labeled as market-based instruments—and finds significant gaps between the pro-market rhetoric surrounding these policies and their actual implementation. The instruments are less genuinely innovative than claimed and take diverse institutional forms depending on local context.

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Boisvert, V., Méral, P., & Froger, G.. (2013). Market-Based Instruments for Ecosystem Services: Institutional Innovation or Renovation?. Society & Natural Resources. https://doi.org/10.1080/08941920.2013.820815

Details

DOI
10.1080/08941920.2013.820815
Countries
Switzerland, France
Regions
Europe
Categories
policy, climate-and-environment, general-innovation
Added
2026-04-28