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… 51 6.8 Risk Allocation … 287 vi vii Foreword The Millennium Ecosystem Assessment has shown that despite their importance to human … the flexibility needed to react to changing circumstances. Risk Allocation Market risk, party risk, and risk of innocent … (CBD Secretariat 2007). As the Millennium Ecosystem Assessment has shown, despite their importance to human …

… 33 List of Figures Figure 1: The Millennium Assessment Conceptual Framework … does indeed “act as a form of natural insurance for risk-averse ecosystem managers against the over- or … paper is the ‘decentralized’ nature of PES systems, which risk facing strong resistance from the centralized …

… Payment schemes for watershed services demand careful assessment of how useful and accept- able they are to … Motivations of buyers and sellers and their perceptions of risk need to be understood to facili- tate dialogue and … to increase water quality or building a dike to reduce the risk of flooding. A payment scheme will, in principle, only …

… of the term. For instance, the 2005 Millennium Ecosystem Assessment (MA) adopts the CBD definition, further specifying … ecosystem services, or to rescue services that are at risk. PES schemes may be divided into four types of financial … 2005a. Ecosystems and Human Well-being: A Framework for Assessment, Chapter 2 – Ecosystems and Their Services, The …