LIMA, PERU – May 10, 2018 – The Global Green Growth Institute (GGGI) and the National Water and Sanitation Regulator (SUNASS), signed a Framework Cooperation Agreement on May 8, 2018.
The agreement will allow GGGI and SUNASS to collaborate on developing instruments and policies to promote investment in green infrastructure. Within this framework, GGGI supports the development and implementation of Payment for Ecosystem Services mechanisms by providing technical assessments, helping develop guidelines and other instruments to boost investment in green infrastructure, and facilitating knowledge exchange.
Iván Lucich, President of SUNASS, noted that Payment for Ecosystem Services (PES) mechanisms are a government policy, and highlighted the importance of informing citizens about the value of the water sources. For example, regarding important water users, he noted that “it is important that, as part of the work to implement these mechanisms, we consider people who operate and work at local markets that are significant water users to begin placing more value on water, water services, and water operators.”
Water utilities set aside a percentage of the water tariff to invest in conservation and restoration efforts in the watershed, in coordination with local communities. By 2021, water utilities in Peru are projected to reserve up to USD $50M exclusively for these types of green infrastructure interventions.
This agreement consolidates the cooperation between GGGI and SUNASS and strengthens future strategic efforts in sustainable water development. GGGI was invited by SUNASS to discuss its support for the PES mechanism in the framework of the recently signed MOU. Interview details are available here.
Contact Details: Aaron Drayer, Peru Country Representative (E-mail: email@example.com / Mobile: +51 990 700 879)