With forests now enshrined in the Paris climate agreement, REDD+ initiatives and low emission development strategies (LEDS) will need insights like the ones provided in this timely and important volume to make a difference on the ground. The book draws on the perspectives of government officials from multiple sectors and at multiple levels to present a rich analysis of the economics, conditionalities and accountabilities for the design of intergovernmental fiscal transfers aimed at forest conservation - in competition with the income and jobs generated by natural resource exploitation. I highly recommend this book to anyone seeking practical ways forward on climate mitigation.' - Anne M. Larson, Center for International Forestry Research, PeruIntergovernmental fiscal transfers (IFTs) are an innovative way to create incentives for local public actors to support conservation. This book contributes to the debate about how to conserve tropical forests by implementing mechanisms for reducing deforestation and forest degradation (REDD+). With Indonesia as a case study, the authors adopt an interdisciplinary approach, drawing on political science, economics, and public policy. They consider the theoretical justification, as well as the wider political and administrative context for developing the design of IFTs for conservation. Students and scholars looking at conservation, ecological economics, decentralisation, forest policy and climate change will find this book to be of interest. It will also be of considerable use to policy-makers and practitioners working on forest policy, particularly those implementing REDD+.

`Everybody talks about payments for environmental services nowadays, yet we still chronically lack good case studies systematically analyzing the experiences out there. This book fills an important gap by bringing together in-depth analyses of carbon-focused PES and PES-like schemes from three tropical continents. Using a sustainable livelihoods approach, the book convincingly confirms our sound intuition: poor farmers voluntarily participating in PES initiatives worldwide will usually become better off. As forest and climate change initiatives continue to blossom, this irrefutable insight will become valuable.' - Sven Wunder, Center for International Forestry Research (CIFOR), Brazil This resourceful book draws on several case studies to derive implications for the design of Payment for Environmental Services (PES) schemes that are very relevant to current climate change negotiations and the implementation of Reduced Emissions from Deforestation and forest Degradation (REDD) schemes at the national level. With its focus on livelihoods, the book also provides important lessons that are relevant to the design of PES schemes focusing on environmental services other than carbon conservation. Drawing practical lessons for the design of activities aimed at reducing deforestation and forest degradation while benefiting rural people, this book will appeal to academics, practitioners and students involved in the fields of environment and natural resource management, forestry and development studies. This insightful study is accessible also to non-experts in presenting the key issues faced in avoiding deforestation and benefiting livelihoods.

'This book carefully blends conceptual insights with extensive empirical evidence to navigate the reader through an issue that is still poorly understood [and is] a valuable reference for the development practitioner to understand the fundamental causes of illegal logging, its myriad consequences and the policy choices available to address the problem' Nalin Kishor, Forest Law Enforcement and Governance Coordinator, The World Bank 'An excellent resource for those working to conserve and sustainably manage forests worldwide. It offers an extensive and comprehensive study of illegal logging, bringing together the knowledge and views of experts who examine its roots and social, economic and environmental implications. One of its important contributions is to show that, unless coupled with reform of forestry regulations to take into account local people, law enforcement to curb illegal logging can negatively impact them. Therefore, any effective and fair approach to the problem needs to involve governments, forestry operators and local communities alike' Gonzalo Oviedo, Senior Social Policy Advisor, IUCN In many countries illegal logging now accounts for a large share of the harvest. Once cut, illegal logs feed an insatiable demand for exotic hardwoods in developed and developing countries. The result has been loss of both revenue and biodiversity, and consequently the issue has risen to the top of the global forest policy agenda as one of the major threats to forests, and donors and national governments are starting to develop initiatives to control illegal logging. Yet for such a massive illegal trade, there is surprisingly limited knowledge available as to the major causes of illegal logging and its impacts on biodiversity, people and livelihoods and national economies, and thus plenty of speculation and action without evidence. It is clear that while illegal logging does have negative impacts, it also, controversially, and perhaps paradoxically, benefits many stakeholders, including local communities. This book, written by the world's foremost experts, examines the key issues including law and enforcement, supply and demand, corruption, forest certification, poverty, local livelihoods, international trade and biodiversity conservation. It includes key case studies from forest-rich hotspots in North, South and Central America, equatorial Africa and Indonesia. While there are clearly no easy answers, this book sorts fact from fiction and explores the many dimensions of the causes, impacts and implications for forests, people, livelihoods and forest policy. Published with CIFOR

'This book carefully blends conceptual insights with extensive empirical evidence to navigate the reader through an issue that is still poorly understood [and is] a valuable reference for the development practitioner to understand the fundamental causes of illegal logging, its myriad consequences and the policy choices available to address the problem' Nalin Kishor, Forest Law Enforcement and Governance Coordinator, The World Bank 'An excellent resource for those working to conserve and sustainably manage forests worldwide. It offers an extensive and comprehensive study of illegal logging, bringing together the knowledge and views of experts who examine its roots and social, economic and environmental implications. One of its important contributions is to show that, unless coupled with reform of forestry regulations to take into account local people, law enforcement to curb illegal logging can negatively impact them. Therefore, any effective and fair approach to the problem needs to involve governments, forestry operators and local communities alike' Gonzalo Oviedo, Senior Social Policy Advisor, IUCN In many countries illegal logging now accounts for a large share of the harvest. Once cut, illegal logs feed an insatiable demand for exotic hardwoods in developed and developing countries. The result has been loss of both revenue and biodiversity, and consequently the issue has risen to the top of the global forest policy agenda as one of the major threats to forests, and donors and national governments are starting to develop initiatives to control illegal logging. Yet for such a massive illegal trade, there is surprisingly limited knowledge available as to the major causes of illegal logging and its impacts on biodiversity, people and livelihoods and national economies, and thus plenty of speculation and action without evidence. It is clear that while illegal logging does have negative impacts, it also, controversially, and perhaps paradoxically, benefits many stakeholders, including local communities. This book, written by the world's foremost experts, examines the key issues including law and enforcement, supply and demand, corruption, forest certification, poverty, local livelihoods, international trade and biodiversity conservation. It includes key case studies from forest-rich hotspots in North, South and Central America, equatorial Africa and Indonesia. While there are clearly no easy answers, this book sorts fact from fiction and explores the many dimensions of the causes, impacts and implications for forests, people, livelihoods and forest policy. Published with CIFOR

It is vital that we adopt interdisciplinary approaches such as ecological economics to gain an understanding of the values that determine human interaction with, and use and abuse of, the environment. This book is a model of applied ecological economics. It presents an accessible introduction to the subject while at the same time broadening its theoretical basis by introducing a post-positivist, participatory method. The theoretical framework is applied to case studies in biodiversity conservation, drawn from around the world and a range of different ecosystems. The book is a suitable textbook for students of ecological economics and an ideal introduction for scientists and environmentalists needing to understand the role of economics in ecology and conservation.