Photo by Hawk KhatcherianHow Payments for EnvironmentalServices Can Deliver Co-Benefits forBusiness & Sustainable Developm...
Presentation Overview Principles of sustainable development What are environmental services? Status of natural, financial ...
Principles of Sustainable Development                        Strategic investment in                        all three dime...
Armenia & the South Caucasus RegionMap source http://en.wikipedia.org/wiki/Caucasus
Background: MA (2005) & TEEB (2011)
What are environmental services?                 Graphic source: Millennium Ecosystem Assessment, 2005
Natural Capital: Biodiversity Resources     Photo by A. Malkhasyan, I. Khorozyan, and M. Boyajyan used with permission of ...
Natural Capital: Forest Resources                                    Photo by Jason A. Sohigian
Natural Capital: Water ResourcesPhoto by Jeff Masarjian used with permission
Financial Capital: Tourism Investment
Financial Capital: Beverage Industry
Photo source: EU-Armenia Web Portal on Renewable Energy                                                          Financial...
Social Capital: Impacts on Poverty                                     Photo by Jason A. Sohigian
Photo by Hawk Khatcherian used with permission                                                 Social Capital: Stakeholder...
Scenarios & Conservation Finance Gap
Payments for Environmental Services: Costa RicaCosta Rica’s forest law recognized these  environmental services provided b...
Payments for Environmental Services: CatskillsWidely recognized benefits of the conservation program implemented in the Ca...
Payments for Environmental Services: DanubeObjectives of WWF’s Danube Basin program in Bulgaria & Romania: promote sustain...
Next Steps for Implementation: Plan of Action                         Use Corporate Ecosystem Services                    ...
Next Steps for Implementation: Further Study                         Initiate general study to estimate the               ...
Thank you! Questions & Discussion     Deputy Director, Armenia Tree Project NGO     jason@armeniatree.org     Master’s Can...
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How Payments for Environmental Services Can Deliver Co-Benefits for Business & Sustainable Development

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How Payments for Environmental Services Can Deliver Co-Benefits for Business & Sustainable Development

  1. 1. Photo by Hawk KhatcherianHow Payments for EnvironmentalServices Can Deliver Co-Benefits forBusiness & Sustainable Development A Conservation Finance Strategy to Protect Armenia’s Natural HeritagePresented by Jason A. Sohigian at Columbia’s Earth Institute, May 9, 201117th International Sustainable Development Research Conference
  2. 2. Presentation Overview Principles of sustainable development What are environmental services? Status of natural, financial & social capital Examples of payments for environmental services Next steps for implementation
  3. 3. Principles of Sustainable Development Strategic investment in all three dimensions: Natural Capital Financial Capital Social Capital
  4. 4. Armenia & the South Caucasus RegionMap source http://en.wikipedia.org/wiki/Caucasus
  5. 5. Background: MA (2005) & TEEB (2011)
  6. 6. What are environmental services? Graphic source: Millennium Ecosystem Assessment, 2005
  7. 7. Natural Capital: Biodiversity Resources Photo by A. Malkhasyan, I. Khorozyan, and M. Boyajyan used with permission of WWF Armenia
  8. 8. Natural Capital: Forest Resources Photo by Jason A. Sohigian
  9. 9. Natural Capital: Water ResourcesPhoto by Jeff Masarjian used with permission
  10. 10. Financial Capital: Tourism Investment
  11. 11. Financial Capital: Beverage Industry
  12. 12. Photo source: EU-Armenia Web Portal on Renewable Energy Financial Capital: Reliance on Hydropower
  13. 13. Social Capital: Impacts on Poverty Photo by Jason A. Sohigian
  14. 14. Photo by Hawk Khatcherian used with permission Social Capital: Stakeholder Engagement
  15. 15. Scenarios & Conservation Finance Gap
  16. 16. Payments for Environmental Services: Costa RicaCosta Rica’s forest law recognized these environmental services provided by forests: mitigation for GHG emissions hydrological services including the provision of water for consumption, irrigation, energy production biodiversity conservation provision of scenic beauty for recreation & ecotourism
  17. 17. Payments for Environmental Services: CatskillsWidely recognized benefits of the conservation program implemented in the Catskills Watershed: a filtration plant large enough to clean New York City’s water supply would have cost $6 billion to build & $250 million annually to maintain preserving the watershed (75 percent forested) had a cost of only $1.5 billion
  18. 18. Payments for Environmental Services: DanubeObjectives of WWF’s Danube Basin program in Bulgaria & Romania: promote sustainable financing demonstrate how national & local-level payment schemes work contribute to rural development & conservation share experiences with other countries
  19. 19. Next Steps for Implementation: Plan of Action Use Corporate Ecosystem Services Review to identify business risks & opportunities from a company’s dependence & impact on ecosystems Identify international donors that have invested in PES to finance a pilot project to demonstrate viability of PES program Initiate pilot scientific & economic study of a specific ecosystem that provides services or inputs to businesses in a key sector Use Ecosystem Marketplace guidebook to assess viability of a PES program, initiate stakeholder engagement & develop a project Initiate education program for business & other stakeholders to advance understanding of environmental services & their importance for sustainable development
  20. 20. Next Steps for Implementation: Further Study Initiate general study to estimate the value of the range of environmental services provided by ecosystems in Armenia Survey businesses in strategic sectors outlined to determine “willingness to pay” for environmental services that are a core part of their business Initiate research into legal, political, economic & social spheres that may pose potential barriers to the implementation of a PES scheme Initiate further research in the general field of environmental economics & natural resource accounting in Armenia to identify new sustainable development opportunities
  21. 21. Thank you! Questions & Discussion Deputy Director, Armenia Tree Project NGO jason@armeniatree.org Master’s Candidate, Harvard University, ‘11 Sustainability & Environmental Management jsohigian@post.harvard.edu

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