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Title: Sustainable Finance Analysis for the South Berry Islands Marine Reserve
Contributor(s): Blackwell, Boyd  (author)orcid ; Brumbaugh, Daniel R (author); Dahlgren, Craig P (author)
Corporate Author: The Nature Conservancy
Publication Date: 2013
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Abstract: Because of interest in assisting the implementation of active management in the South Berry Islands Marine Reserve (SBIMR), we conducted a review of the sustainable finance literature for protected areas to highlight general guidelines and options for sustainable financing of the reserve. We then focused in on sustainable finance mechanisms that are of particular relevance to marine protected areas and the Caribbean region, and evaluated which of these offer the most potential for application in The Bahamas and especially the SBIMR. According to estimates derived from the Draft Management Plan for the SBIMR, active management of the reserve will require $1.8 million per year. Many potential options or mechanisms meeting this funding requirement are discussed in this report. In this summary, we focus on key options and mechanisms analyzed in the final section of this report.
Publication Type: Report
Publisher: The Nature Conservancy
Place of Publication: Nassau, The Bahamas
Field of Research (FOR): 140202 Economic Development and Growth
Socio-Economic Outcome Codes: 919902 Ecological Economics
HERDC Category Description: R2 Consultants Report
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Series Name: Nature Conservancy Northern Caribbean Program
Extent of Pages: 53
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Appears in Collections:Report

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