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Implementation of EV, PES can overcome forest conservation fundraising issues – JPSM

  • 26/11/2021
  • by Bernama

Introduction

KUANTAN, Nov 26 — The Economic Value (EV) system and Payment for Ecosystem Services implementation are capable of overcoming issues arising from fundraising for forest conservation in the Central Forest Spine (CFS) which serves as the backbone of the Environmentally Sensitive Areas in Peninsular Malaysia.
 
Peninsular Malaysia Forestry Department (JPSM) deputy director-general (Policy and Planning), Datuk Zahari Ibrahim said towards this end, the Improving Connectivity in the CFS (IC-CFS) project was identifying the value of potential resources in forest ecosystems such as water resources, non-timber forests revenue as well as in ecotourism.
 
According to Zahari, who is also the national director of the IC-CFS project, the process of identifying potential resources is important for the success of the PES scheme other than as a good forest resource management method to curb the destruction of ecosystems and biodiversity that are difficult to restore if it occurs.

– BERNAMA

The implementation of the PES will also add value especially to the local community through its involvement and participation in forest ecosystems especially through ecotourism which in turn can highlight the potential of the forest ecosystem as a long-term strategic asset: he said in a statement here today.

The field of ecotourism is also seen as high potential as the government has allocated RM15 million in Budget 2022 under the Natural Resources Ecotourism Examination Programme for the development of the local community, he said.

Zahari said to start sustainable financial planning, IC-CFS had organised PE and PES seminars with the participation of agencies including the JPSM, Forest Research Institute Malaysia (FRIM), Universiti Putra Malaysia (UPM) and Perak State Parks Corporation.
Following the seminar, JPSM will hold a visit to Taman Negara, Pahang to review development methods and implementation of existing ecotourism packages adapted to the implementation of PES.

The seminar also, according to Zahari, involved an innovative financing solution for the CFS so that the RM85 million in funds allocated in the 11th Malaysia Plan (11MP) and 12MP could be optimised and channelled annually to each CFS area.

The 5.5 million square foot CFS was introduced under the 2005 National Physical Plan to protect mountain waters and rain catchment areas as well as habitat for flora and fauna comprising four main complexes including the Titiwangsa Range, Bintang Range (Perak) and Nakawan Range (Perlis).

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