OECS Welcomes Move To Improve Caribbean Marine Conservation Financing

Regional implementing partners German Development Cooperation (GIZ) and the MPAConnect network are collaborating to promote investment in Caribbean marine conservation through capacity building for the mobilization of resources from conservation trust funds.

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Regional implementing partners German Development Cooperation (GIZ) and the MPAConnect network are collaborating to promote investment in Caribbean marine conservation through capacity building for the mobilization of resources from conservation trust funds.

The Caribbean marine environment faces ever-increasing pressures and a new set of emerging issues. As governments and civil societies across the region work towards sustainable development, the key limiting factor is typically adequate financing to implement effective marine management strategies.
“Marine protected areas (MPAs) in particular are an important tool in marine conservation, supporting fisheries management and tourism in the region. Yet Caribbean MPA managers tell us that raising reliable, long-term financing for their operations is their most pressing management need,” comments Ms. Emma Doyle, Coordinator of the MPAConnect Network.
There are various mechanisms through which marine conservation can be financed. Some mechanisms are well known and relatively easily understood, such as visitor entrance fees for marine parks or immigration fees at airports and ports, philanthropic donations or concessions for on-site businesses. 
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