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Promoting a Payments for Environmental Services Scheme through the Economic Valuation of Water Resources in the Quita Espuela and Guaconejo Science Reserves, Dominican Republic

Grantee Name: Instituto Tecnológico de Santo Domingo

Hotspot
Caribbean Islands
Location
Dominican Republic
Amount
$59,101
Dates
Feb 2012 – Mar 2014
Keywords
Conservation finance, Payment for Ecosystem Services, Water management
Develop a payment for environmental services (PES) scheme for drinking water and irrigation to support watershed conservation in the Loma Quita Espuela and Loma Guaconejo key biodiversity areas in the Dominican Republic. Information on the economic value of water will be used to design and obtain agreement on a PES scheme involving the country's water authority, environment ministry, and local civil society groups. Furthermore, sustainability will be fostered by building the capacity of key stakeholders.
Strategic Direction : 1 Improve protection and management of 45 priority key biodiversity areas

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