SUNASS participates in the VII World Water Forum in South Korea
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The National Superintendency of Sanitation Services (SUNASS), the Swiss Water Association and Forest Trends participated in a special workshop on the investment to be made by Peruvian users to preserve green infrastructure in Lima, the first city in Latin America to implement the mechanism of payment for ecosystem services, within the framework of the VII World Water Forum, which is being held in South Korea until April 17.
SUNASS (Peru's regulatory agency) approved the creation of two new funds to finance innovative and sustainable water resource management for Lima, Peru's capital and the world's second largest desert city after Cairo. The first is a green infrastructure fund, while the second will be used for climate change adaptation and disaster risk reduction.
Fernando Momiy Hada, president of SUNASS, indicated that these investments will represent approximately USD 112 million, 4.8% of the budget of Lima's water company, SEDAPAL.
The official indicated that one of the responsibilities of the regulator is to protect and preserve the hydrological basins in order to provide water for future generations. He said that while infrastructure is important, it is also necessary to preserve and increase the quality and quantity of water in Peru's watersheds.
Michael Jenkins, President and CEO of U.S.-based NGO Forest Trends, said, "Latin America is a hotbed of innovation when it comes to addressing global water crises, and Peru is a leading country in Latin America and this creativity is what we need if we are to face similar challenges around the world".
The World Water Forum, which brings together leaders from the political, economic and technical world, has as one of its goals to be able to shape solutions to advance water security in the world.
The function of SUNASS, the drinking water regulator, is to regulate, supervise and oversee sanitation companies at the national level, resolving claims at the second administrative instance.
More information: SDC
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