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Detail of GEF Project #3049

GEF Project ID3049
Funding SourceGEF Trust Fund
Project NamePiloting Natural Resource Valuation within Environmental Impact Assessments
RegionLatin America and Caribbean
Focal AreaMulti Focal Area
Operational ProgramCB
Strategic ProgramSGP-1
PDF-A Approval Date2006-03-07
Pipeline Entry Date2006-12-18
Approval Date2008-07-28
GEF Agency Approval Date2009-07-14
Project Completion Date2011-09-30
Project StatusProject Completion
Executing AgencyUNDP/Ministry of Land and Environment
DescriptionThe proposed MSP will develop natural resource valuation (financial and economic) tools to be used to strengthen a holistic approach to the implementation of policies, programmes, plans and development projects with particular reference to strengthening the national implementation of MEAs. In particular, the project will incorporate natural resource valuation tools in the implementation of the Strategic Environmental Assessments (SEA), ensuring that governmental development policies are better informed of environmental values (i.e., biodiversity conservation, environmentally sound and sustainable land management, and climate change mitigation and adaptation strategies) to national economic priorities. Furthermore, the project will incorporate natural resource valuation tools into the Environmental Impact Assessment (EIA) process, allowing for a more informed decision in the permitting process of development projects. Overall, this project will strengthen the implementation of the SEA and EIA processes, facilitating greater compliance to national environmental legislation, which in turn will contribute to helping Jamaica meet its obligations under the CBD, CCD and FCCC.
PDF A Amount
29,750 USD
GEF Project Grant
470,250 USD
GEF Grant
500,000 USD
Cofinancing Total
132,000 USD
Project Cost
632,000 USD
GEF Agency Fees
50,000 USD
Project Documents

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