Eco-compensation vs. Pollution Compensation: US Transboundary Watershed Management—Experiences and Lessons
Who pays, who benefits, how much, and how—these are among the questions tackled in the presentation to better differentiate eco-compensation from pollution compensation, particularly in the context of watershed management. The experiences and lessons of the United States in transboundary watershed management are shared. Among the issues covered relate to the clear definition of watershed property rights, the high transaction costs between upstream and downstream, and the effect of watershed water quality management.