As part of the Office of Research's Research Talks series, executive director of the Water Institute and professor of Economics, Roy Brouwer, will present, "Global Assessment of Payments for Watershed Services with Roy Brouwer."
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Who pays for the water quality and supply, biodiversity, and carbon storage provided by forests, wetlands, and grasslands?
These are the questions Roy Brouwer, professor in Waterloo's Department of Economics and executive director of the Water Institute, wants to answer. As a principal investigator of the global assessment of payments for watershed services, Brouwer will share how this assessment will help make payment schemes more cost-effective and efficient.
Payments for watershed services is a new water policy instrument that aims to ensure that providers of water services are paid for their efforts. Payments for watershed services differ from traditional top-down regulatory approaches in that markets are created to manage water resources and the goods and services they provide. A key challenge lies in understanding which payment schemes are most effective as well as who should pay, how much, and under which circumstances.
Learn why the assessment of payment schemes for watershed services is important to determining the appropriate market price, and how it will impact the conservation of water resources.
