Description

This article compares the Agri-environmental policies (AEPs) of the United States and the European Union. AEPs are a form of payments for environmental services (PES) that target externalities created in agricultural production.

Outline:

Introduction Comparisons – Origins and rationale – Services targeted – Degree of targeting of environmental services – Seller selection and opportunity cost – Baseline and additionality – Leakage and spill-over – Transaction costs – Monitoring and compliance – Permanence Analysis Conclusion