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

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  • Dawit W. Mulatu
  • Pieter R. van Oel
  • Anne van der Veen

Abstract

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.

Suggested Citation

  • Dawit W. Mulatu & Pieter R. van Oel & Anne van der Veen, 2015. "Firms' willingness to invest in a water fund to improve water-related ecosystem services in the Lake Naivasha basin, Kenya," Water International, Taylor & Francis Journals, vol. 40(3), pages 463-482, May.
    • Handle: RePEc:taf:rwinxx:v:40:y:2015:i:3:p:463-482
    DOI: 10.1080/02508060.2015.1050580
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    References listed on IDEAS

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    1. Muñoz Escobar, Marcela & Hollaender, Robert & Pineda Weffer, Camilo, 2013. "Institutional durability of payments for watershed ecosystem services: Lessons from two case studies from Colombia and Germany," Ecosystem Services, Elsevier, vol. 6(C), pages 46-53.
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    Cited by:

    1. Theodoros Anagnostopoulos & Grigorios L. Kyriakopoulos & Stamatios Ntanos & Eleni Gkika & Sofia Asonitou, 2020. "Intelligent Predictive Analytics for Sustainable Business Investment in Renewable Energy Sources," Sustainability, MDPI, vol. 12(7), pages 1-11, April.
    2. Paul Opdam & Eveliene Steingröver, 2018. "How Could Companies Engage in Sustainable Landscape Management? An Exploratory Perspective," Sustainability, MDPI, vol. 10(1), pages 1-15, January.
    3. Krause, Marlen S. & Matzdorf, Bettina, 2019. "The intention of companies to invest in biodiversity and ecosystem services credits through an online-marketplace," Ecosystem Services, Elsevier, vol. 40(C).

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