Markets
A market may be created wherein ecological goods and services are demanded by society and supplied by public and private landowners. Some believe that public lands alone are not adequate to supply this market, and that privately held lands are needed to close this gap. What has emerged is the notion that rural landowners who provide ecological goods and services to society through good stewardship practices on their land should be duly compensated. The main tool to accomplish this to date has been to pay farmers directly to set-aside portions of their land that would otherwise be in production. This exemplifies a shift in thinking from the "polluter pays" to the "beneficiary pays".
Financial incentives to landowners is one approach, but provision of EG&S can also be achieved through regulation, stewardship incentives under existing programs such Environmental Farm Plans, market-based instruments, and tax rebates.
Read more about this topic: Ecological Goods And Services
Famous quotes containing the word markets:
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)
“When the great markets by the sea shut fast
All that calm Sunday that goes on and on:
When even lovers find their peace at last,
And Earth is but a star, that once had shone.”
—James Elroy Flecker (1884–1919)