Resolution No. 20/2013 on Sustainable Development in the Republic of Gabon
This resolution aims to create a national and international ecosystem services market in the services that natural biological systems provide, such as regulating water flow in watersheds and sequestering carbon. Market failures cause these services to be lost as the natural ecosystems are degraded and replaced with other land uses such as agriculture. Payments for Ecosystem Services (PES) are proposed as a way to attribute value to natural ecosystems and provide financial incentives for their management and conservation.
