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2016 | OriginalPaper | Chapter

3. The Practical Perspective of Environmental Services Management: Field Studies on Innovation and the Remuneration of Positive Externalities in Agriculture in Kenya

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Abstract

The chapter illustrates the experience with different types of PES projects in Kenya. It starts with the Kenya Agricultural Carbon Project (KACP), a PES project designed to make use of voluntary carbon market to compensate farmers for carbon sequestration. Subsequently, the experiences with small-scale and large-scale watershed PES projects are discussed. Finally, the potential of entrepreneurship and innovation to create markets for environmental goods in Kenya is explored by means of selected case studies (Maassai-owned slaughterhouse, microinsurance for farmers and flower exports). All the case studies illustrate that the presence of the private sector is crucial in making use of PES as a vehicle to create a market for environmental goods.

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Footnotes
1
These organizations include for example the International Livestock Research Institute (ILRI), International Centre of Insect Physiology and Ecology (ICIPE), World Agroforestry Centre (ICRAF), and the United Nations Environment Programme (UNEP).
 
4
Since most of the population do not have savings at their disposal, it is necessary to apply for affordable credit products that allow people to invest in a business or in the improvement of their livelihood. The objective of the guarantee scheme is to help them access credit without the hassles of collateral security from the eligible institutions (commercial banks).
 
7
M-SHWARI is the revolutionary new banking product for M-PESA customers that allows people to save and to borrow money through their phones while earning interest on money saved. With M-SHWARI, people are also entitled to affordable emergency loans.
 
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Metadata
Title
The Practical Perspective of Environmental Services Management: Field Studies on Innovation and the Remuneration of Positive Externalities in Agriculture in Kenya
Author
Philipp Aerni
Copyright Year
2016
DOI
https://doi.org/10.1007/978-3-319-19345-8_3