Promoting Payments for Environmental Services (PES) and Related Sustainable Financing Schemes in the Danube Basin

Project Summary

The overall development objective of the project is:To secure global environmental benefits by mainstreaming payments for ecosystem services (PES) and sustainable financing (SF) schemes in integrated river basin management for large-scale international watersheds.The specific project objectives are:1. To demonstrate and promote PES and other sustainable financing schemes in the Lower Danube river basin.2. To derive lessons of relevance for the Danube basin at large and for other international watersheds

Project Details

GEF Project ID
2806
Project Type
Medium-size Project
Status
Completed
Country
Regional
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Environment Programme
Executing Agencies
WWF
GEF Period:
GEF - 4
Approval Fiscal Year:
2009

Financials

Project Preparation Grant Amount
25,000 USD
GEF Project Grant
964,676 USD
Co-financing Total
1,349,373 USD
GEF Agency Fees
98,967 USD
Total Cost 2,339,049.00 USD

Project Timeline

Received by GEF
Preparation Grant Approved
03 Jun 2005
Concept Approved
19 Feb 2009
Project Approved for Implementation
25 Aug 2009
Project closed
01 Jun 2014