Environmental Funds: Lessons Learned and Future Prospects

This article describes how Environmental Funds (EF) are structured and the kinds of activities they have supported. It examines the key conditions that influence their success or failure. It discusses factors that should be taken into consideration when deciding whether EFs may be an appropriate mechanism for supporting conservation activities in a particular setting. Finally, the article looks to the future and outlines important trends that are likely to affect the financing and future development of EFs.