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… of possible PES schemes – private PES schemes, cap and trade schemes and public PES schemes – need to be … land which are separated from property rights. – Cap and Trade • Cap and trade schemes Establish a cap (an aggregate … from one’s property, can here serve as a defence against illegal exploitation. As mentioned before in Chapter 3, …

… of costs among involved private parties. A cap- and-trade scheme establishes a cap for water abstraction or … rights)? • How are land and resources protected from illegal expropriation? All of these tenure issues need to be … well lead these stakeholders to revert to unsustainable or illegal land uses to generate revenues. “THE DESIGN OF …