Payments for environmental services (PES) have attracted increasing interest as a mechanism to translate external, non-market values of the environment into real financial incentives for local actors to provide environmental services (ES). In this introductory paper, we set the stage for the...

Mobilising private institutional investors to fund global biodiversity goals has become a hegemonic narrative within environmental policy and sustainable finance circles. We challenge its underlying economic assumptions and question the deprioritisation of direct public investment in nature....