Comment on “Using ecological thresholds to evaluate the costs and benefits of set-asides in a biodiversity hotspot”
Author(s) -
Christopher Finney
Publication year - 2015
Publication title -
science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 12.556
H-Index - 1186
eISSN - 1095-9203
pISSN - 0036-8075
DOI - 10.1126/science.aaa0916
Subject(s) - biodiversity , biodiversity hotspot , hotspot (geology) , environmental science , ecology , biology , geology , geophysics
Banks-Leiteet al . (Reports, 29 August 2014, p. 1041) conclude that a large-scale program to restore the Brazilian Atlantic Forest using payments for environmental services (PES) is economically feasible. They do not analyze transaction costs, which are quantified infrequently and incompletely in the literature. Transaction costs can exceed 20% of total project costs and should be included in future research.
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