Piloting Natural Resource Valuation within Environmental Impact Assessments

Project Summary

The 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.

Project Details

GEF Project ID
3049
Project Type
Medium-size Project
Status
Completed
Country
Jamaica
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
UNDP/Ministry of Land and Environment
GEF Project Manager
Danielius Pivoriunas |

Financials

Project Preparation Grant Amount
29,750 USD
GEF Project Grant
470,250 USD
Co-financing Total
132,000 USD
GEF Agency Fees
50,000 USD
Total Cost 632,000.00 USD

Project Timeline

Received by GEF
17 Jan 2006
Preparation Grant Approved
07 Mar 2006
Project Approved for Implementation
28 Jul 2008
Project closed
30 Sep 2012