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Prospect of Financing Protected Areas through Payment for Ecosystem Services in Nepal

Author Affiliations

  • 1 Wetland for the Future Project, International Union for Conservation of Nature (IUCN), Kupondole, Lalitpur P.O. Box 3923, Kathmandu, NEPAL

Int. Res. J. Environment Sci., Volume 4, Issue (6), Pages 84-91, June,22 (2015)

Abstract

Protected Areas (PAs) are recognized worldwide for their role in conserving biodiversity and ecosystems. They are also the place to enhance peoples’ livelihoods and ensure environmental sustainability goals, as in Biosphere Reserves. As a result there are more than 155,000 different types and sizes of PAs globally. In Nepal, 23.23 % of its territory is covered by some sorts of PAs. But, lack of finance to effectively run these valuable PAs may have threatened the existence of the park. The main aim of this study is to find the prospects of Payment for Ecosystem Services (PES) in securing sustainable finance for the management of protected areas. The study is based on reviewing the existing scientific literature in order to highlight the issues regarding the emerging concept of PES with reference to Nepalese PAs; specifically, the question arises on how these sources can be used to secure sustainable financing of PAs. Findings suggest that there are ample opportunities in Nepalese PAs for PES that can be used as a new financial tool in conservation. However, design of appropriate legal and policy frameworks is highly recommended in participation with concerned stakeholders.

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