The Future of Payment Reconversion: How Rubber Plantations are Benefiting
In a major push towards sustainability, the government of Malaysia is introducing a new payment for ecosystem services (PES) program to replace rubber plantations with more biodiverse ecosystems. This program will incentivize the reconversion of rubber plantations into more natural habitats, such as mangroves and tropical forests, by providing landowners with payments for the services that these new ecosystems provide. The PES program is an effort to ensure that Malaysia’s valuable ecosystems are conserved and managed in a sustainable way. By providing a financial incentive to landowners, the government hopes to achieve its goals of reducing deforestation and increasing biodiversity. This new program is an important step towards a more sustainable future for Malaysia and its people.
source: Phys.org