Firms’ willingness to invest in a water fund to improve water-related ecosystem services in the Lake Naivasha basin, Kenya

D.W. Mulatu, P.R. van Oel, A. van der Veen

Research output: Contribution to journalArticleAcademicpeer-review

6 Citations (Scopus)

Abstract

A valuation scenario was designed using a contingent-valuation approach and presented to decision makers in business firms in Kenya’s Lake Naivasha basin to test how applicable a water fund might be as a potential financing mechanism for a payment for water-related ecosystem services scheme. The findings indicate that measuring a firm’s willingness to invest in ecosystem services could help determine whether a firm would invest and engage with other stakeholders to pool their investments in ecosystem services. Linking the institutional decision-making behaviour of a firm and its willingness to invest in a water fund is the novelty of this article.
Original languageEnglish
Pages (from-to)463-482
JournalWater International
Volume40
Issue number3
DOIs
Publication statusPublished - 2015

Keywords

  • tropical forestry projects
  • environmental services
  • market actors
  • payments
  • management
  • behavior
  • private
  • choice
  • impact

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