Financial Priority: Designing Coastal and Marine- based Payment for Ecosystem Services (PES)

The proposed Project will design a site-based PES application in one of the coastal municipality in the Philippines. The selection of the municipality will consider the presence of a resort that caters mainly to upscale tourists. The area must showcase ecosystem services which can be “bought” and “sold” on site. These ecosystem services include: aesthetics, recreational enjoyment, and beauty of the place. The management of the municipal waters is with the municipal government, which is by virtue of the Philippines-Fisheries Code and the Local Government Code.

This document was presented by the Philippine CTI NCC at the first CTI High Level Financial Roundtable in Manila on May 3, 2012.

Document Date: 03 May 2012
Author: Philippines CTI NCC