As part of its Environment, Economy, and Trade program, the CEC has explored in recent years new avenues for trade in environmental goods and services with the objective of informing the North American public on opportunities to green trade in North America. In 2003, it published a document, entitled Market-based Mechanisms for Carbon Sequestration, Energy Efficiency and Renewable Energy in North America: What are the Options, that examines the different market-based mechanisms that could be used to encourage the sequestration of carbon, increase energy efficiency, and support the development and use of renewable energy sources. In 2004, the CEC published Greening Trade in North America: Shade-grown Coffee/Sustainable Palm/Renewable Energy, a report reviewing existing schemes of payments for the provision of environmental services. The present report aims to complement this work by surveying payments for environmental services (PES) schemes in the Western Hemisphere.
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