Tag: Ecuador

Water Funds: Financing FONAG in Ecuador

 

Ecuador_bridgeoverthePastazas2“For many people, food comes from a supermarket and water comes from a tap. But the truth is, the food and water that sustain us come from grasslands, forests, rivers, and lakes that depend on natural processes to be sustained themselves. Setting aside wild places alone are insufficient to protect nature. Lands and waters can sustain people and wildlife; modern conservation is about finding ways to do both.”

-The Nature Conservancy 2013 Annual Report

This post is part of a series following the experiences of students participating in the EFC’s Summer Environmental Finance program in Ecuador. This post was written by Megan Garrett.

The Nature Conservancy (TNC) has initiated a program to conserve the watersheds from which water is sourced, called Water Funds. These water funds exist all over the world, but have become especially popular in Latin America following the success of FONAG (Fondo para la Proteccion del Agua), the first ever water fund, located in Quito. These water funds are an interesting financial tool in preserving our water sources and surrounding environment. Continue reading

Environmental Finance: Applied Abroad

Quito service projectThis summer, the Environmental Finance Center is taking its interest in how environmental projects are funded on the road through a three-week Applied International Environmental Finance program in Quito, Ecuador.  The EFC, in collaboration with TripleSalto –a nonprofit organization that generates integral solutions to social, environmental, and economic needs through strategic alliances – decided to sponsor this course based on growing interest in applied international environmental finance projects among current Public Administration, Public Health, and Environmental Engineering Masters students at UNC-Chapel Hill. Continue reading