Since its establishment in 2012, Forest Trends has partnered with the Ministry of Environment (MINAM) on the Incubator for Ecosystem Services Mechanisms, through our key regional partnership with EcoDecision and with the local technical support and coordination of CONDESAN. The Incubator is a platform that aims to enhance investments in nature by society through providing technical, financial, and economic expertise; building capacity; and contributing to the development of national policy. Since it was established, the Incubator has supporting the development and implementation of a national ecosystem services law that facilitates public investment in ecosystem services projects; has worked closely with SUNASS, PeruÕs water regulator, to develop technical and policy tools needed to implement a water sector reform that strongly encourages water utilities to invest in watersheds to ensure supply and mitigate risks; and has provided provided targeted support to priority sites including the Jequetepeque, Rimac, and Alto Mayo watersheds. In coordination with the Incubator, we have deepened our engagement in the Alto Mayo watersheds, working with AMPA to suggest a potential design for the an integrated strategy and financing model for improving coffee production and conservation through multiple benefits framework in the Amazonian region of San Martin, Peru. This strategy builds on the integrated approach to development that was articulated in 2014, at the 20th Katoomba Meeting, Climate, Forests, Water and People: A Vision of Sustainable Development for Tropical America in Lima and San Martin, Peru, organized by Forest Trends and the Peruvian government. We have also worked closely with Aquafondo, the water fund for Lima, Peru, on strategies for securing public and private funds, including as a pilot of the Water Benefit Credits. In 2014, we carried out a study of the cost-effectiveness and potential impact of green infrastructure interventions for the water supply of Lima.