The drought affecting Catalonia between 2007 and 2008 was the most severe of the last century and serves as a case study for the assessment of the economic costs of such an event. The main focus is the drought affecting the so-called Ter-Llobregat system which serves the Metropolitan area of...

Water management is subject to conflicting economic and environmental objectives, and policymakers require a clear overview of the different outcomes derived from different water management options. The aim of this paper is to assess the efficiency of several irrigation water pricing policies...

Since the release of the Millennium Ecosystem Approach (MEA), the number of studies valuing ecosystem services has grown. As a consequence of this growing literature, different interpretations exist on the classification of services as derived from MEA, and several studies have argued that this...

Payments for Ecosystem Services (PES) schemes are attracting increasing interest as policy mechanisms to improve conservation and sustainable development outcomes. PES initiatives aim to reach mutually beneficial agreements between providers and users of ecosystem services. In Latin America,...