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This paper presents some theoretical and technical conclusions on the contribution of Forest Ecosystem Services to the reduction of deforestation rates in highly vulnerable areas of the Costa Rican Central Mountain Range and to the regulation of watersheds, and the resulting increased profitability of investments in hydro-electrical power plants. Particularly, the paper presents and applies a model to estimate different internal rates of return for investments in hydro-electrical power plants based on different percentages of Forest Ecosystem Services payment in the Sarapiqui and Toro watersheds where the Costa Rican public utility company Ice was building two hydro plants at the time of the study.

Pago por servicios ambientales en las cuencas Sarapiquí y Toro: implicaciones teóricas y técnicas de un análisis de factibilidad