Year of Approval:
Technical assistance from the Asian Development Bank
International Implementing Agency: Asian Development Bank
Domestic Implementing Agency: Ministry of Environmental Protection
Finished or not:
Foreign Economic Cooperation Office, MEP
Start & End Time:
Mar, 2010 - Oct, 2011
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.
The project is now in preparation.