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Firms’ willingness to invest in a water fund to improve water-related ecosystem services in the Lake Naivasha basin, Kenya

Mulatu, Dawit W. / van Oel, Pieter R. / van der Veen, Anne

A valuation scenario was designed using a contingent-valuation approach and presented to decision makers in business firms in Kenya’s Lake Naivasha basin to test how applicable a water fund might be as a potential financing mechanism for a payment for water-related ecosystem services scheme. The findings indicate that measuring a firm’s willingness to invest in ecosystem services could help determine whether a firm would invest and engage with other stakeholders to pool their investments in ecosystem services. Linking the institutional decision-making behaviour of a firm and its willingness to invest in a water fund is the novelty of this article.

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Firms’ willingness to invest in a water fund to improve water-related ecosystem services in the Lake Naivasha basin, Kenya

Mulatu, Dawit W. / van Oel, Pieter R. / van der Veen, Anne

A valuation scenario was designed using a contingent-valuation approach and presented to decision makers in business firms in Kenya’s Lake Naivasha basin to test how applicable a water fund might be as a potential financing mechanism for a payment for water-related ecosystem services scheme. The findings indicate that measuring a firm’s willingness to invest in ecosystem services could help determine whether a firm would invest and engage with other stakeholders to pool their investments in ecosystem services. Linking the institutional decision-making behaviour of a firm and its willingness to invest in a water fund is the novelty of this article.

Firms’ willingness to invest in a water fund to improve water-related ecosystem services in the Lake Naivasha basin, Kenya

Mulatu, Dawit W. / van Oel, Pieter R. / van der Veen, Anne

A valuation scenario was designed using a contingent-valuation approach and presented to decision makers in business firms in Kenya’s Lake Naivasha basin to test how applicable a water fund might be as a potential financing mechanism for a payment for water-related ecosystem services scheme. The findings indicate that measuring a firm’s willingness to invest in ecosystem services could help determine whether a firm would invest and engage with other stakeholders to pool their investments in ecosystem services. Linking the institutional decision-making behaviour of a firm and its willingness to invest in a water fund is the novelty of this article.

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Title:

Firms’ willingness to invest in a water fund to improve water-related ecosystem services in the Lake Naivasha basin, Kenya

Contributors:

Mulatu, Dawit W. (author) / van Oel, Pieter R. (author) / van der Veen, Anne (author)

Published in:

Water International ; 40 ; 463-482

Publication date:

2015-04-16

Size:

20 pages

ISSN:

0250-8060 , 1941-1707

DOI:

https://doi.org/10.1080/02508060.2015.1050580

Type of media:

Article (Journal)

Type of material:

Electronic Resource

Language:

English

Keywords:

water fund , payment for ecosystem services , firms , willingness to invest , Lake Naivasha

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