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Financing Conservation through Payment for Environmental Services at the Monarca Butterfly Biosphere Reserve

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The forest environmental service rendered at Monarca Butterfly Biosphere Reservation (RBMM) core area under the administration of the Federal Government Committee of Natural Protected Areas (CONANP), targets the protection of hydrological basins and biodiversity conservation to contribute, in this specific case, to the maintenance of the migratory phenomenon of Monarca Butterfly.

An Endowment Fund (FP) has been set up to manage USD 7 million raised by the World Wild life Fund (WWF) and the Mexican Fund for the Conservation of Nature A.C (FMCN) from a USD five million grant by Packard Foundation, USD one million from the Environment, Natural Resources and Fishing Secretariat (SEMARNAP) and USD one million from México and Michoacán State Governments (Chart 1). Interest from the Endowment Fund (FP) was used to create the Monarca Trust Fund (FM) that establishes economic incentives for 34 cooperative farming organizations, indigenous peoples communities and private property in Monarca Butterfly Biosphere Reservation (RBMM) core area.

The Monarca Trust Fund establishes economic incentives for cooperative farming organizations, indigenous people communities and private properties
The Monarca Fund (FM) design process and start up of environmental services payment mechanism in Monarca Butterfly Biosphere Reservation (RBMM) core area has been complex and demanded stakeholders participation at different construction stages.
Category: #Auctions #Case Studies #Endowment Funds #Payments for Ecosystem Services (PES)