Eco-Compensation Mechanism for Protected Areas with a Focus on National Parks Project

closed

The knowledge and support technical assistance (TA) will support the preparation of the first eco-compensation framework for protected areas in the People's Republic of China (PRC). This will comprise a performance-based financing system that mobilizes public and private sector revenue streams to protect biodiversity and ecosystem services, and support rural livelihoods and operating costs for a network of globally significant national parks. The framework will build upon long-term support from the Asian Development Bank (ADB) for eco-compensation in the PRC and will contribute to national and global biodiversity conservation goals.