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Volume 7
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Article

Market-Based Instruments for Ecosystem Services between Discourse and Reality: An Economic and Narrative Analysis

by
Géraldine Froger
1,2,*,
Valérie Boisvert
3,
Philippe Méral
4,
Jean-François Le Coq
5,
Armelle Caron
6 and
Olivier Aznar
7
1
LEREPS (Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux), Manufacture des Tabacs, 21 allée de Brienne, 31042 Toulouse Cedex, France
2
Université de Toulouse-Jean Jaurès, 5 allée Antonio Machado, 31058 Toulouse Cedex 9, France
3
IGD (Institut de géographie et durabilité), Université de Lausanne, Bâtiment Géopolis, Bureau 3522, CH-1015 Lausanne, Switzerland
4
Institut de Recherche pour le Développement, IRD, UMR GRED (IRD–Université Montpellier 3 Paul Valery), BP 64501, 34394 Montpellier Cedex 5, France
5
ART-Dev, CIRAD, 73 rue Jean-François Breton, 34398 Montpellier Cedex 5, France
6
AgroParisTech ENGREF, 19 Avenue du Maine Paris Cedex 15, 75732 Paris, France
7
UMR Métafort, VetAgroSup, 89 Avenue de l'Europe BP35, 63370 Lempdes, France
*
Author to whom correspondence should be addressed.
Sustainability 2015, 7(9), 11595-11611; https://doi.org/10.3390/su70911595
Submission received: 28 April 2015 / Revised: 12 August 2015 / Accepted: 13 August 2015 / Published: 25 August 2015
(This article belongs to the Special Issue Ecosystem Services and Institutional Dynamics)
Versions Notes

Abstract

Since the mid-1990s, the concept of ecosystem services has become increasingly popular in academic circles and among decision-makers. Because of its inclusive character, this concept has given rise to different interpretations in economics. Since its inception, it has been associated with the development of market-based instruments (MBIs) in conservation policies. From this perspective, the sustainable provision of ecosystem services is hindered by market failures (e.g., public good attributes, externalities) and prices that do not capture the full value of the natural assets. MBIs are therefore recommended. According to their promoters, they provide powerful incentives to conserve the environment while at the same time offering new sources of income to support rural livelihoods. Our paper contends that different economic narratives, and associated representations of the market failure at stake with the provision of ecosystem services, may support different policy instruments that are all coined as MBIs. As an illustration, we analyze the economic discourse underlying payments for ecosystem services and eco-labels, and we underline the variety of institutional forms to which they give rise in order to emphasize the differences between discourse and practice.
Keywords: market-based instruments; ecosystem services; externalities; joint products; narratives; payments for ecosystem services; environmental certification market-based instruments; ecosystem services; externalities; joint products; narratives; payments for ecosystem services; environmental certification

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MDPI and ACS Style

Froger, G.; Boisvert, V.; Méral, P.; Coq, J.-F.L.; Caron, A.; Aznar, O. Market-Based Instruments for Ecosystem Services between Discourse and Reality: An Economic and Narrative Analysis. Sustainability 2015, 7, 11595-11611. https://doi.org/10.3390/su70911595

AMA Style

Froger G, Boisvert V, Méral P, Coq J-FL, Caron A, Aznar O. Market-Based Instruments for Ecosystem Services between Discourse and Reality: An Economic and Narrative Analysis. Sustainability. 2015; 7(9):11595-11611. https://doi.org/10.3390/su70911595

Chicago/Turabian Style

Froger, Géraldine, Valérie Boisvert, Philippe Méral, Jean-François Le Coq, Armelle Caron, and Olivier Aznar. 2015. "Market-Based Instruments for Ecosystem Services between Discourse and Reality: An Economic and Narrative Analysis" Sustainability 7, no. 9: 11595-11611. https://doi.org/10.3390/su70911595

APA Style

Froger, G., Boisvert, V., Méral, P., Coq, J.-F. L., Caron, A., & Aznar, O. (2015). Market-Based Instruments for Ecosystem Services between Discourse and Reality: An Economic and Narrative Analysis. Sustainability, 7(9), 11595-11611. https://doi.org/10.3390/su70911595

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