The booklet, by Ecosystem Marketplace, provides context and background information on current developments in the payments for ecosystem services (PES) arena relevant to the Ghana Katoomba conference, held in Accra, Ghana, in October 2009. The conference is the fifteenth in a series of Katoomba conferences designed to stimulate and strengthen environmental markets around the world.
This report aims to provide in-depth information on the UNDP Community Water Initiative, which has funded successful projects in some of the most vulnerable communities in Africa, South Asia, and Central America. This report also highlights some country case studies and activities that provide current water security and community development benefits.
The paper notes that deregulation and privatization in the water supply and energy sectors, as a means to stimulate private-sector investment, have only led to improved services for the poor when effective regulation mechanisms have been put in place by governments and public agencies. It proposes that strong regulatory agencies are needed to make markets work and address environmental objectives.