What's New ... Project will develop a Payment for Ecosystem Services (PES) model in Ca Mau

2013.09.18. In partnership with the FORES, the Vietnamese Biodiversity Conservation Agency, and Daxam Consulting, EES is working on the project entitled Piloting a payment structure for coastal wetland ecosystem services (PES) in Mui Ca Mau National Park in Vietnam in the context of climate change and poverty reduction. The one-year project is valued at USD 1 million with co-financing from Swedish International Development Cooperation Agency. The project will test a unique PES pilot model that will enable poor local communities in Mui Ca National Park to earn income from livelihood models that rely on ecosystem services provided by coastal wetlands and mangrove forests (e.g., aquaculture, tourism) and then use part of this income to compensate the National Park for the use of these ecosystem services. Lessons learned from the project will be used to guide the development of PES schemes throughout Vietnam.

Together with Enveco, EES brings expertise related to environmental economics and valuation and is responsible for incorporating the livelihood model (developed by the local partners in Vietnam) into a proposed PES structure. Among other things this structure will (1) identify relevant ecosystem services, (2) identify potential buyers and sellers (3) motivate a payment system and pricing scheme and (4) propose a system of administration including adequate monitoring and enforcement.

Project activities include a literature review of PES programs worldwide to identify key lessons learned and a review of the economic literature on the value of ecosystem services provided by coastal wetlands and mangrove forests. Besides direct values such as timber, these ecosystems provide various indirect benefits to society including carbon sequestration, coastal fisheries production, storm surge protection, saltwater intrusion protection for drinking water, biodiversity, recreational and eco-tourism opportunities, etc.