Abstract: The conceptualization of payments for ecosystem services (PES) is essential for sustainable financing mechanisms for the provision of environmental goods and services. Through the goal of PES programs, sustainable forest management can be achieved by securing forest-derived benefits to support conservation and sustainable livelihoods. The purpose of this study was to determine public Willingness to Pay (WTP) for a payment for forest ecosystems services scheme in Gunung Tebu Forest Reserve, Malaysia. The Contingent Valuation Method (CVM) that involved double bounded dichotomous choice was used in this study. A face-to-face interview which involved 375 respondents in Terengganu was collected between May to September 2022. The data were analysed using the conditional......
Keywords: Permanent Forest Reserve; Payment for Ecosystem Services; Contingent Valuation Method; Forest Policy; Willingness to Pay; Gunung Tebu; Malaysia
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