What is nature worth? The answer to this question-- which traditionally has been framed in environmental terms-- is revolutionizing the way we do business. Tercek and Adams argue that nature is not only the foundation of human well-being, but also the smartest commercial investment any business...

This paper presents a thorough reflection on Payments for Ecosystem Services (PES) programs, which may be viewed as the most innovative tools of the ‘environmental policy toolkit'. These are incentive-based mechanisms, compensating landowners to manage the natural resources under their control...