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People’s Republic of China: Preparing National Guidelines for Eco-Compensation in River Basins
  

Year of Approval:
2008

Funds:
US$ 400,000

Source:

Technical assistance from the Asian Development Bank

Partner:
      
International Implementing Agency: Asian Development Bank
Domestic Implementing Agency: Ministry of Environmental Protection

Finished or not:

No

Executing Agency:

Foreign Economic Cooperation Office, MEP

Duration:

18 months

Start & End Time:

Mar, 2010 - Oct, 2011

Summary:
This project will introduce the market-based mechanism - Payments for Ecosystem Services (PES) to calculate the cost of environmental impact. The expected outcome includes: studies on the latest PES mechanism, including case studies; the expected impacts and difficulties of implementing the mechanism for providing related recommendations; draft guidelines for establishing PES mechanism and recommendations for reforming related financial systems, regulations and laws.

Recent Progress:
The project is now in preparation.

Foreign Economic Cooperation Office, Ministry of Environmental Protection of China
5 Houyingfang Hutong, Xicheng District, Beijing, P.R. China, Postal Code: 100035, Tel: +86-10-82268810, Fax: +86-10-82200510