THE ECONOMICS OF A PAYMENT FOR WATERSHED SERVICES IN THE WESTERN BAIVAANSKLOOF

Katie Gull

No 98757, Honours Students' Projects from Rhodes University, Department of Economics and Economic History

Abstract: The economics of a Payment for Watershed Services (PWS) is examined as a way to finance the restoration of the Baviaans catchment. The proposed PWS consists of Gamtoos-valley farmers “buying” watershed services from upstream farmers in the Western Baviaanskloof, who need to change their farming practices to ensure the delivery of this service. The economic valuation of the watershed services is discussed and it is found that, although more quantitative and scientific research is necessary, the downstream farmers will reap economic benefits and that both parties are willing to participate in the scheme. This is a synthesis paper written for PRESENCE.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rudehp:98757

DOI: 10.22004/ag.econ.98757

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