Towards Establishment of a Payment for Ecosystem Services (PES) in Protected Areas: The Case of Mounts Banahaw and San Cristobal in Quezon Province, Philippines1

Authors

Luisito Abueg, University of the Philippines Los Baños, Laguna, PhilippinesFollow
Julie Carl P. Ureta, Clemson University, Clemson, South Carolina, USA
Arlene B. Inocencio, De La Salle University Manila, Philippines

JEL Classification System

Q01, Q23, Q57, Q58

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 of 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.

Recommended Citation

Abueg, Luisito; Ureta, Julie Carl P.; and Inocencio, Arlene B. (2021) "Towards Establishment of a Payment for Ecosystem Services (PES) in Protected Areas: The Case of Mounts Banahaw and San Cristobal in Quezon Province, Philippines1," DLSU Business & Economics Review: Vol. 31: No. 1, Article 2.
DOI: https://doi.org/10.59588/2243-786X.1093
Available at: https://animorepository.dlsu.edu.ph/ber/vol31/iss1/2