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Project Process
To see the full PDF text of The Prince’s Rainforests Project brochure, please click here.
As HRH The Prince of Wales himself said at the inauguration of the Project: “The task is to review, develop and propose practical mechanisms that acknowledge the true value of the eco-system services provided by the world’s remaining rainforests. These solutions need to provide credible incentives to host nations, and to local communities, and must out-compete the drivers of rainforest destruction.”
The Project will work closely with government, business (particularly the financial community) and the NGO sector to achieve this. And it will work with the rainforest nations themselves to ensure that, once raised, these funds are transferred equitably, efficiently and with the welfare of local people uppermost in mind. In support of this ambition, the Project has developed three workstreams as follows: - Valuation: to establish a value for the global ecosystem services provided by the rainforests
- Revenue: identifying ways to raise the funds for these services
- Transfer: working with the rainforest nations, and other bodies to develop transfer mechanisms that are sustainable, equitable and verifiable.
These workstreams will be supported by a communications programme to raise awareness and test developing conclusions.
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