Marine conservation finance: The need for and scope of an emerging field

Last modified: 
June 19, 2017 - 1:59pm
Tags: 
Type: Journal Article
Year of publication: 2015
Date published: 09/2015
Authors: Melissa Bos, Robert Pressey, Natalie Stoeckl
Journal title: Ocean & Coastal Management
Volume: 114
Pages: 116 - 128
ISSN: 09645691

The global oceans contribute to human wellbeing by providing marine ecosystem services, but the ability of the oceans to continue providing these services is jeopardised by anthropogenic impacts. There is a limit to marine conservation that has not been adequately addressed: finance. This paper reviews the state of marine conservation funding, identifies associated challenges, and recommends possible ways forward. We identify five challenges: 1) funding for marine conservation is inadequate in terms of the size, duration, and diversity of revenue, 2) finance mechanisms are under-developed and under-utilised, 3) finance is often disconnected from conservation planning, 4) the environmental side-effects of economic activity increase the gap in global conservation funding, and 5) few individuals and programmes specialise in marine conservation finance and integrate its disparate lines of thinking. We then propose five solutions: 1) financial strategies for marine conservation, 2) increased research on and development of finance mechanisms, 3) integration of financial planning into conservation planning, 4) engagement of businesses in reducing the gap in conservation funding for marine ecosystems, and 5) definition, focus, and specialists for the emerging field of marine conservation finance. Multi-sector and interdisciplinary collaboration is essential to reduce the marine conservation-funding gap and sustain marine ecosystem services.

Freely available?: 
No
Summary available?: 
No

This content is part of a Top List!

The OpenChannels Team curates important content into Top Lists. Browse through the links below to see what other content is included in this Top List.

Report an error or inaccuracy

Notice an error in the Literature item above? Please let us know in the comments section below. Thank you for helping us keep the Literature Library up-to-date!

Add new comment