Sustainable financing of marine protected areas: the case of the Martinique regional marine reserve of “Le Prêcheur”

Pierre Failler, Claire Montocchio, Adeline Borot de Battisti, Thomas Binet, Jean-Philippe Maréchal, Myriam Thirot

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Abstract

Marine Protected Areas require sustainable funding for their effectiveness. This article aims to provide an analysis of the feasibility of financial possibilities for the support of a Regional Marine Protected Area in Martinique. It provides a valuation of the funding alternatives. The concept of payment for ecosystem services is introduced to seek the benefits that fishermen can get from their involvement in the management of the protected areas.
Original languageEnglish
Pages (from-to)110-129
Number of pages20
JournalGreen Finance
Volume1
Issue number2
DOIs
Publication statusPublished - 23 Apr 2019

Keywords

  • Martinique
  • marine protected area
  • financing
  • payment for ecosystem services

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