Mexico Environmental Services Project

The global environment objective of the project is to enhance and protect biolog ical diversity and preserve globally significant forest and mountain ecosystems. This objective will be achieved through the following key outcomes and outputs: (i) improving the targeting of the existing PSAH program; (ii) piloting a market -based system to contract environmental services; and (iii) establishing an endo wment fund for biodiversity conservation to provide long-term financing for paym ent for environmental services. The project will ensure that only sites with glo bally significant biodiversity will receive GEF funds under the national or loca l programs in the project area. In addition, these sites (see Annex 17) are reco gnized as part of the national protected areas system. Furthermore, all land man agement systems with PES support under the project (from any funding source) wil l be biodiversity-friendly (see Annex 10 for details).