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Discuss the advantages of PES policy compared to other instruments such as tax, subsidy and direct control.

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User Nhi
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1 Answer

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PES or Payments for Ecosystem Services has several advantage :

- It could raise awareness of the values of biodiversity and ecosystem
- opportunities for communities to access a new market
- potential platform to integrate conservation and climate effort into a common policy framework
- Facilitates the transition from an economy of production to an economy of stewardship
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User Mmilleruva
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