International Forum on Payments for Environmental Services of Tropical Forests
How can payments for environmental services of forests make a difference?
Ensuring sustainable supply of goods and services from forests to enhance their vital contributions to socio-economic development lies at the core of Sustainable Forest Management (SFM). Yet, SFM in the tropics is often less profitable than other land-uses because many of the goods and services forests produce lack formal markets. Payments for forest environmental (or ecosystem) services such as biodiversity, tourism and recreation, water conservation, soil protection and climate change mitigation, known in general as PES, is one such innovative means of financing SFM.
The International Forum on Payments for Environmental Services of Tropical Forests highlighted the importance of developing and implementing PES mechanisms in tropical countries and shared best practices and lessons learned. The Forum recommended actions at local, national and international levels for the development and effective implementation of PES mechanisms in support of SFM in the tropics. It brought together policymakers, researchers and academicians, practitioners, civil society, the private sector, and regional and international organizations engaged in the development, implementation and support of of PES mechanisms.
The Forum was jointly organized by International Tropical Timber Organization; FAO; and the National Forestry Financing Fund (FONAFIFO) of Costa Rica; and hosted by the Ministry of Environment of Costa Rica.
National Forest Financing Fund – FONAFIFO