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

Dawit W. Mulatu, Pieter R. van Oel and Anne van der Veen

Water International, 2015, vol. 40, issue 3, 463-482

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.

Date: 2015
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DOI: 10.1080/02508060.2015.1050580

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