Protecting Our Marine Treasures: Sustainable Finance Options for U.S. Marine Protected Areas
In 2015, the Marine Protected Area Advisory Committee was charged with advising the Departments of Commerce and the Interior on opportunities to expand the use of external financing for marine protected area (MPA) programs. This report focuses on a wide range of approaches to obtain external funding for MPAs. Although in-kind services are important, analysis of these services is beyond the scope of this report.
External financing is used in this report to describe any kind of funding that an organization receives from outside its home institution. External financing is not intended to replace the need for dedicated government funding for protected areas, but rather to provide additional support in order to achieve the MPA’s objectives. Additionally, we note that organizations should pay careful attention to the limits of their authorities, procedures and ethics rules to ensure that external financing is used properly and accountably and dedicated entirely to achieving public purposes.