Abstract

Due to the increasing academic interest in Payment for Environmental Services (PES) globally and the scattered state of PES in Paraguay, this paper presents a review of Paraguay to provide an overview of the current state of the subject at the national level and develop new theoretical and methodological approaches. The main objectives of this article are to compile the history of management and systematization of technical, academic, and scientific information on PES in Paraguay and contribute to defining economic valuation methods to enhance PES at the local and regional levels. This will serve as a strategy for designing environmental management models that guarantee the provision of long-term environmental services (16 years of analysis).The study design was qualitative, documentary, bibliographic and descriptive, based on the preparation and analysis of a database with 41 technical documents that facilitated the systematization and mapping of the information. Results show that 46% of the documents analyzed correspond to peer-reviewed literature, with five identified management periods. The most worked aspect was the economic valuation of environmental goods and services, especially those derived from the forest, where market-based valuation techniques based have been applied to a greater extent. As for the valuation of environmental damage, no publications or works were found during the studied period. Economic valuation studies were important for the current PES regulation process in Paraguay. that the Payment for Environmental Services (PES) mechanism in Paraguay has made significant progress over the past 16 years. However, both the market and policies related to PES are still not fully established due to critical issues identified, primarily the lack of regulation of other certification modalities that contribute to both sustainable production and conservation strategies. Hence, there is a need to address these challenges to ensure the effective implementation of PES in Paraguay. * The photo corresponds to Tuyuyús cuarteleros (Jabiru mycteria) in the flooding savannah of the Chaco. Photo: Karim Musalem

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