Santiago Water Fund

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The Maipo watershed is under severe stress from human development and climate change: Scientists predict a 40% drop in water balance by 2070 plus an important reduction of glacier surface, drastically shrinking water supply. Yet, less than five percent of the Maipo watershed and Chile’s Mediterranean are under official protection, and there is no formal governance or management structure for the watershed.

The Santiago Water Fund will improve and protect key water sources in Mediterranean Chile using natural solutions and sustainable funding, contributing to the creation of resilient cities in the face of growing vulnerability to climate change. We will restore the High Andean wetlands, forests and river-side vegetation in the Maipo watershed to improve the quality and the quantity of the water that reaches Santiago’s seven million inhabitants.

With TNC’s science and Water Fund model, the city of Santiago will be able to collectively invest in the long-term conservation of the Maipo watershed, generating consensus on watershed management between the private and public sectors. The Santiago Water Fund will demonstrate how nature-based solutions improve the quality and availability of water for people whilst helping preserve biodiversity, capturing and storing carbon, building more climate-resilient communities and reducing water treatment costs.

The Santiago Water Fund will support Chile’s resilient cities strategy and promote the science-based conservation of key natural sites like the Batuco wetland north of Santiago and the northern Limari river basin.

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Source link : https://www.nature.org/en-us/about-us/where-we-work/latin-america/chile/stories-in-chile/santiago-water-fund/ Author : Publish date : 2019-03-11 18:15:45 Copyright for syndicated content belongs to the linked Source .