Identification of relevant hydrological service
The identification of hydrologic services that must be conserved or recovered is a very important step that helps set clear goals and objectives for the fund, identify key stakeholders that should be involved and develop strategies for achieving the goals set. Regulation of the Water Cycle, Sediment Control and Water Quality are some examples of hydrologic services that can be identified as goals for a water fund.
Reliable data for an initial opportunity assessment. Relationship with local organizations and government agencies with relevant data on the ecosystem service.
This step is key to set clear goals and objectives for the fund, identify key stakeholders, and develop strategies.