Financing Environmental Services: The Costa Rican Experience and its Implications

The Science of the Total Environment, Vol. 240, pp. 157-169, 1999

13 Pages Posted: 8 Jun 2011

See all articles by Esteban Brenes Vega

Esteban Brenes Vega

World Wildlife Fund (WWF)

Luis Constantino

World Bank

Kenneth M. Chomitz

World Bank, Independent Evaluation Group

Date Written: May 15, 1999

Abstract

Costa Rica’s pioneering environmental services program seeks to maintain socially optimal forest cover by compensating landowners for the external benefits provided by their forests. The National Forestry Fund proposes to sell carbon sequestration services to the world market and hydrological services to the domestic market. Revenues from these sales, together with tax revenue, is used to finance environmental service provision through landholder incentives for forest maintenance. The mechanics of these programs are discussed, along with implications for the design and implementation of similar programs.

Keywords: environmental services, payments, Costa Rica

Suggested Citation

Brenes Vega, Esteban and Constantino, Luis and Chomitz, Kenneth M., Financing Environmental Services: The Costa Rican Experience and its Implications (May 15, 1999). The Science of the Total Environment, Vol. 240, pp. 157-169, 1999. Available at SSRN: https://ssrn.com/abstract=1859450

Esteban Brenes Vega (Contact Author)

World Wildlife Fund (WWF) ( email )

1250 24th Street NW
Washingtobn, DC 20037
United States
+1.202.495.4468 (Phone)

Luis Constantino

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Kenneth M. Chomitz

World Bank, Independent Evaluation Group ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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