Incentive programs to encourage farmers and other landowners to protect the environment are key to conservation, but new research shows issues such as lack of enforcement undermine their effectiveness on a global scale.
These programs, called Payments for Environmental Services (PES), are a way to improve environmental management and livelihoods by attaching a dollar value to the benefits nature provides, such as clean water and air. They have been in place for two decades, but their design and cost-effectiveness are a concern for experts.
The University of Waterloo hosts the Velocity Fund Finals this week, where 20 teams of UWaterloo students and alumni will pitch their innovative startups for the chance to share in $130,000 in funding.
Teams have three minutes to propose their solution to a problem and demonstrate the market opportunity and the team’s ability to succeed. Ten companies will compete for four prizes of $25,000. Judges will present one winner with an additional $10,000 for the top hardware pitch. Another 10 early-stage startups will compete for one of four awards of $5,000.