COLLABORATIVE MANAGEMENT AND BLENDED FINANCE FOR MPAS
Well managed and financed Marine Protected Areas are considered to be among the most effective tools for reducing local threats on coral reefs and are the cornerstones of international efforts to conserve biodiversity.
Recent studies have reported that 65% of existing MPAs have inadequate budgets for basic management (Gill et al., 2018). As a result, many MPAs fail to meet their social and ecological objectives, existing only on paper (paper parks).
Rapid expansion of MPA networks without investment in capacity development and long-term operations will likely result in a proliferation of such.
Collaborative management partnerships are proven vehicles through which the ‘paper park’ challenge can be addressed. These partnerships tend to take an entrepreneurial approach and create a bankable structure around MPAs.
Blue finance provides the following solution
- Design and arrange legal agreements for the collaborative management of MPAs with Governments;
- Develop innovative business plans and revenue mechanisms for the MPAs to strengthen their long term natural resource management;
- Raise funds with international donors and investors to structure a blended finance architecture for the MPA.
OUR TRACK RECORD:
One of the largest MPAs in the Caribbean is under a collaborative management scheme and an additional 15 agreements are in development for MPAs in the Caribbean, SE Asia and Western Africa.
US$9M of blended finance is committed with impact investors and donors for MPAs.