Environmental Funds and Payments    1
                                                  for Ecosystem Services 
                                    RedLAC Capacity Building Project for Environmental Funds
        Scaling up Conservation Finance
        The Latin America and Caribbean Network of Environmental Funds – RedLAC – was created in 1999 and con-
      gregates currently 19 funds from 13 countries. Its mission is to set up an effective system of learning, strengthening, 
      training, and cooperation through a Network of Environmental Funds (EFs) aimed at contributing to the conservation 
      and sustainable use of natural resources in the region. 
        RedLAC, with the support of the Gordon & Betty Moore Foundation and the French Fund for the Global Envi-
      ronment (FFEM, for its name in French), implements a capacity building project with the objective of strengthening 
      the capacity of EFs to develop innovative financial mechanisms for biodiversity conservation, reducing their depen-
      dence on donations, and also to support the establishment of new EFs, by systematizing and sharing proven best 
      practices in funds day to day operation.
        This project, coordinated by the Brazilian Biodiversity Fund – Funbio - on behalf of the RedLAC membership, 
      has the goal of promoting the implementation of new revenue streams in the Funds’ portfolios, creating financially 
      sustainable sources of funding for these institutions to invest in conservation. Having knowledge management as its 
      core, the project will systematize the existing information on different topics of interest for EFs and build new content 
      based on the collective experience of the Funds’ community.
        This book was prepared to support the first workshop of the capacity building initiative, focusing on Payment for 
      Ecosystem Services (PES) and the potential of this mechanism to mobilize resources for conservation projects. Some 
      Environmental Funds have developed PES projects, which now serve as examples to be replicated by their peers. This 
      is the case of the Mexican Fund for Nature Conservation (FMCN), who was a partner of Funbio in the organization 
      of this workshop, in the city of Guadalajara, in México, on November 12 to 14, 2010.
                    Organization:         Funded by:
                                                                   Index
                                  5     Introduction to Payments for Ecosystem 
                                        Services (PES)
                                 25     Step by Step: How to Develop a PES Project
                                 55     The role of Environmental Funds in PES 
                                        Projects
                                 69 Case Studies
                                 95 Glossary
                                 102 Bibliography
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      Authors:
      Tommie Herbert, Forest Trends
      Rebecca Vonada, Forest Trends
      Michael Jenkins, Forest Trends
      Ricardo Bayon, EKO Asset Management Partners 
      Author of the Mexican cases:
      Juan Manuel Frausto Leyva
      Ficha catalográfica
       E56                                                                                                                         
         Environmental funds and payments for ecosystems                                                   
           Services: RedLAC capacity building project for  
           environmental funds/ Tommie Herbert, Rebecca Vonada,  
           Michael Jenkins, Ricardo Byon; Juan Manuel Frausto 
           Leyva. – Rio de Janeiro: RedLAC, 2010.                              
           02 p.:il. ; 29 cm.                                    
           Bibliography: p.102
           1. Environmental Funds. 2. Capacity Building. 
         3.Ecosystems Services. 4. Ecosystems. I. Herbert, Tommie.                 
         II. Vonada, Rebecca. III. Jenkins, Michael. IV. Byon,  
         Ricardo. V. Leyva, Juan Manuel Frausto.
           
                              CDD 333.75130