Sri Lanka Launches Payment for Ecosystem Services Mechanism to Enhance Environmental Management
Sri Lanka has launched a Payment for Ecosystem Services (PES) mechanism to incentivize communities for protecting and managing ecosystems, drawing on successful models from other countries. The GCF Knuckles Project, spearheaded by the Ministry of Agriculture in collaboration with CIFOR-ICRAF, aims to establish a watershed-based PES framework that connects upstream communities with downstream beneficiaries, such as hydropower companies. This initiative seeks to enhance ecosystem services, boost rural incomes, and incorporate environmental sustainability into national development strategies.
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Sri Lanka is implementing a Payment for Ecosystem Services (PES) mechanism to financially reward communities for ecosystem protection and management. This approach, successful in other countries like Indonesia, aims to align economic incentives with sustainable land and water management.
Central to this initiative is the GCF Knuckles Project, led by the Ministry of Agriculture with support from CIFOR-ICRAF. The project focuses on developing a watershed-based PES framework for the Knuckles landscape, connecting upstream communities to downstream beneficiaries such as small hydropower companies reliant on water flows from the Knuckles Mountain Range. This initiative aims to protect ecosystem services, increase rural incomes, and integrate environmental sustainability into national development planning.
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