As part of the Office of Research's Research Talks series, executive director of the Water Institute and professor of Economics, Roy Brouwer, will present, "Global Assessment of Payments for Watershed Services with Roy Brouwer."
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information
Payments
for
watershed
services
(PWS)
are
a
new
water
policy
instrument
that
aims
to
ensure
that
the
providers
of
non-marketed
water
services
are
paid
for
their
efforts.
PWS differ from traditional top-down regulatory approaches in that markets are created to manage water resources and the goods and services they provide. A key challenge lies in understanding what payment schemes are most effective under which circumstances, and who should pay and how much.
A global assessment of PWS schemes is carried out to better understand what institutional and economic design factors make these schemes successful and how well they translate into long-term environmental performance.