Universities, companies, civil society organizations and government institutions announced contributions of approximately $5 million to establish the Monterrey Metropolitan Water Fund (FAMM). The project will help protect water sources that provide services to over 4 million people in the city and its metropolitan area, while supporting the sustainable development and wellbeing of the region.
Through science and multi-sector collaboration, Water Funds contribute to improved water management with actions that compensate upstream communities to help guarantee the environmental services that nature provides users downstream.
“Monterrey is one of the most important industrial capitals in 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 property. This Water Fund offers the means to collaborate towards maintaining ecosystems that naturally regulate water flows,” said Eugenio Clariond Reyes, Chairman of the FAMM Board.
The FAMM provides a vehicle for large water users to make contributions focused on preserving the watershed of the San Juan River and thus ensuring the environmental services the city receives. Conservation actions help reduce the disastrous consequences of extreme natural events, like hurricanes and storms, and generate greater awareness among the community for a stronger commitment to the conservation of water and nature. This is the second Water Fund established in Mexico, after the Fondo Semilla de Agua, in the state of Chiapas.
“This Fund will focus on four key objectives: help mitigate flooding, improve water infiltration, raise awareness about water, and work alongside the government to attract resources in favor of the watershed,” said Juan José Guerra Abud, Secretary of the Environment and Natural Resources (SEMARNAT) and guest of honor. “In addition, we are evaluating the implementation of innovative tools that help capture and retain the water draining into the city.”
The FAMM has four committees: Institutional Practices, Funding, Technical, and Conservation. Its partners include 23 companies, 16 government institutions, 16 civil society organizations, and 4 universities.
“It’s encouraging to see these diverse groups come together to protect their freshwater resources. Working together, we can achieve much more than we would alone,” said Mark Tercek, President and CEO of The Nature Conservancy. “By investing in nature today, FAMM will help ensure fresh water for the future. It’s a powerful and elegant model that will benefit nature, businesses and local communities.”
This Fund is part of the Latin American Water Funds Partnership 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), to create and strengthen Water Funds in Latin America. The Partnership has 14 Funds in different stages of operation and 18 under evaluation and design. They are located in Brazil, Colombia, Mexico, Panama, Venezuela and other countries in the region.
This initiative is supported by the Latin America Conservation Council (LACC) which develops and promotes innovative, pragmatic and scalable solutions for the most important environmental challenges in Latin America: Water Security, Sustainable Food Security and Smart Infrastructure to benefit people and nature.
Monterrey Metropolitan Water Fund (FAMM) partners:
• ARCA Continental
• Baker & McKenzie
• Inter-American Development Bank (IDB)
• Water Center for Latin America and the Caribbean
• CLUB DE FUTBOL MONTERREY
• Comisión Nacional de Áreas Protegidas (CONANP)- NL
• Comisión Nacional del Agua (CONAGUA)
• Comisión Nacional Forestal (CONAFOR)
• Consejo Cívico de Instituciones de Nuevo León (CCINLAC)
• COPARMEX NL
• Cuauhtémoc Moctezuma
• Desarrollos DELTA
• Fondo Mexicano para la Conservación de la Naturaleza (FMCN)
• Fundación FEMSA
• Fundación KALUZ
• Fundación Multimedios
• Fundación Televisa
• Fundación XIGNUX
• Nuevo León State Government
• Gobierno Municipal de Apodaca
• Gobierno Municipal de Guadalupe
• Gobierno Municipal de Monterrey
• Gobierno Municipal de San Pedro
• Gobierno Municipal de Santa Catarina • GRUMA
• Grupo CUPRUM
• Grupo PROEZA
• Instituto de Protección Ambiental (IPA)
• Nuevo León Water Institute
• Parque Ecológico Chipinque
• PINTURAS OSEL
• Procuraduría Federal de Protección al Ambiente (PROFEPA)
• Promotora Ambiental (PASA)
• Pronatura Noreste
• Reforestación Extrema
• Reforestamos México
• Secretaría de Agricultura, Ganadería, Desarrollo Rural, Pesca y Alimentación (SAGARPA)
• Secretaría de Desarrollo Agrario, Territorial y Urbano (SEDATU)
• Secretaría de Medio Ambiente y Recursos Naturales (SEMARNAT)
• Servicios de Agua y Drenaje de Monterrey (SADM)
• Sinergia Deportiva
• Tecnológico de Monterrey
• The Nature Conservancy (TNC)
• The Home Depot
• Universidad Autónoma de Nuevo León (UANL)
• Universidad de Monterrey (UDEM)
• Universidad Regiomontana (UR)
The Nature Conservancy is a leading conservation organization working around the world to protect ecologically important lands and waters for nature and people. The Conservancy and its more than 1 million members have protected nearly 120 million acres worldwide. Visit The Nature Conservancy on the Web at www.nature.org.
The Nature Conservancy