THE ECONOMICS OF A PAYMENT FOR WATERSHED SERVICES IN THE WESTERN BAIVAANSKLOOF

The economics of a Payment for Watershed Services (PWS) is examined as a way to finance the restoration of the Baviaans catchment. The proposed PWS consists of Gamtoos-valley farmers “buying” watershed services from upstream farmers in the Western Baviaanskloof, who need to change their farming practices to ensure the delivery of this service. The economic valuation of the watershed services is discussed and it is found that, although more quantitative and scientific research is necessary, the downstream farmers will reap economic benefits and that both parties are willing to participate in the scheme. This is a synthesis paper written for PRESENCE.


Issue Date:
2009
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/98757
Series Statement:
Honours Project 2009




 Record created 2017-04-01, last modified 2017-11-15

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