Another estimate put total private capital committed to conservation investments at USD 4.7 billion in 2015, of which half was committed to water quality and quantity, and the rest equally split between habitat conservation, and sustainable food and fibre (Hammrick, 2016). In line with Baylis et al. ( It measures the causal effect of a specific policy, programme or intervention vis-'a-vis a credible counterfactual scenario and seeks to understand the conditions under which this effect arises (Ferraro and Hanauer, 2014).