of the services in question, for example, individuals, communities, businesses or governments acting on behalf of various parties. Beneficiaries and land or resource managers enter into PES agreements on a
voluntary basis and are in no way obligated to do so.Ecosystem services, simply defined, are the benefits we derive from the natural environment. These include, for example, the provision of food, water, timber and fibre; the regulation of air quality, climate and flood risk; opportunities for recreation, tourism and cultural development; and underlying functions such as soil formation and nutrient cycling. Maintaining and enhancing ecosystem services - and restoring them where they have been lost or degraded - is increasingly recognised as essential for sustainable economic growth, prosperous communities and promoting peoples' wellbeing.