Monterrey, Nuevo León. September 18, 2013— Universities, companies, civil society organizations and government institutions announced contributions in the order of 40 million pesos to establish the Monterrey Water Fund (FAMM) with the aim to help protect the water sources that serve over 4 million inhabitants of this city’s metro area, and at the same time, supporting the sustainable development and wellbeing of the region.
Water Funds contribute, through science and multisectoral collaboration, to improve water management through actions that compensate upstream communities to help guarantee the environmental services that nature provides to users downstream.
“Monterrey is one of the most important industrial capitals of Mexico and Latin America. Since its foundation, the city and its metropolitan area have suffered the effects of flooding and extreme droughts, with devastating consequences for people and their patrimony. This Water Fund offers the means to, through collaboration, help maintain the ecosystems that naturally regulate water flows,” said Eugenio Clariond Reyes, Board Chairman of FAMM.
FAMM provides a vehicle for large water users to make contributions aimed to preserve the San Juan River Watershed and thus ensure the environmental services the city receives from it. Furthermore, the Fund seeks to generate greater awareness in the community to stimulate their commitment in the preservation of the natural processes related to water. This is the second Water Fund established in Mexico, after the Water Seed Fund in the state of Chiapas.
“In the specific case of Monterrey, the Fund will focus on four key objectives: help mitigate flooding, improve water infiltration, raise awareness about water culture, and work alongside the government to bring resources in favor of the watershed,” said Juan Jose Guerra Abud, Secretary of SEMARNAT and guest of honor at the event. “In addition, we are evaluating the implementation of innovative tools that help catch and retain the water draining into the city and use it for parks or sports facilities,” he stated.
The Monterrey Water Fund is composed of different committees: the Committee for Institutional Practices, the Funding Committee, the Technical Committee and the Committee for Conservation.
“It is important that we all share the responsibility of caring for the water we use. One of the advantages of FAMM is that it gathers all the most important sectors of society, like communities, public sector, academy, companies and civil society organizations, “said Mark Tercek, CEO of The Nature Conservancy. “All of them contribute their expertise regarding conservation, socio-cultural patrimony, economy and sustainable policies so that united we can provide better care for our nature’s capital for future generations.”
This Fund is part of the Latin American Alliance of Water Funds which was created in June 2011 by The Nature Conservancy (TNC), FEMSA Foundation, The Inter-American Development Bank (IDB) and the Global Environment Facility (GEF) in order to create and strengthen Water Funds in Latin America. The Alliance has 14 operational Funds and 18 in process of evaluation and design; they are located in Brazil, Colombia, Mexico, Panama, Venezuela and other Latin American countries.
This initiative is backed by the Conservation Council of Latin America which develops and promotes innovative, pragmatic and scalable solutions for the most important challenges of Latin America: Water Safety, Sustainable Food Safety and Intelligent Infrastructure in benefit of people and nature.
# # #
The Monterrey Water Fund is possible thanks to:
- Alianza Latinoamericana de Fondos de Agua
- ARCA Continental
- Baker & McKenzie
- CAINTRA – IPA
- Centro del Agua para América Latina y el Caribe
- Cuauhtémoc Moctezuma
- Fondo Mexicano para la Conservación de la Naturaleza
- Fundación Multimedios
- Fundación Televisa
- Gobierno del Estado de Nuevo León
- Instituto del Agua de Nuevo León
- Municipio de Apodaca
- Municipio de Guadalupe
- Municipio de Monterrey
- Municipio de San Pedro Garza García
- Municipio de Santa Catarina
- Pinturas Osel
- Parque Ecológico Chipinque
- Parques y Vida Silvestre
- Promotora Ambiental
- Pronatura Noreste
- Reforestación Extrema
- Reforestemos México
- Secretaría de Desarrollo
- Servicios de Agua y Drenaje de Monterrey
- Tecnológico de Monterrey
- The Home Depot
- The Nature Conservancy
- Universidad Regiomontana