Financing Coastal Conservation

 

Coastal management activities are mainly funded by national government budgets and donor programmes or development assistance which often have limitations in both their magnitude and scope. Public sector budgets are often inadequate and donor-funded projects and programmes are usually short-term and tied to particular government or donor priorities.

MFF believes that in order to achieve long term coastal management goals, sustainable sources of funding need to be identified that not only help initiate activities but also help maintain and promote further investment. In recognizing the significance of sustainable funding mechanisms, MFF has prioritized 'investment' in its official tagline.

Funds for coastal management interventions are available from  philanthropic contributions, private sector partnerships, fiscal instruments (including taxes and subsidies), market-based mechanisms (such as payment for environmental services and user charges), and through locally raised funds. MFF seeks to find innovative and sustainable funding mechanisms to ensure long term efforts for coastal ecosystem rehabilitation and management.


For details about Actions, Outputs and Results, click [ + ]

Programmes of WorkActions/OutputsContribution to results
10. Identifying sustainable financing mechanisms for coastal ecosystem conservation
  1. Review of innovative and sustainable funding mechanisms which have applicability to coastal areas and coastal management actions.

  2. Development of materials on the economic return to investing in coastal ecosystems as infrastructure, and associated awareness campaign for decision-makers who determine and allocate government budget allocations and overseas development assistance.

  3. Piloting of payment for ecosystem services schemes for selected coastal ecosystems and management programmes, based on private-public-community partnerships.

  4. Review of the needs and opportunities for a regional trust fund for coastal ecosystem management, leading to recommendations for development if appropriate.

  5. Development and implementation of long-term sustainable financing strategies for key MFF actions, paying particular attention to actions aimed at protected area management, coastal ecosystem rehabilitation, and community sustainable livelihood activities.
  • Increased prioritisation of coastal ecosystem management in the development agendas of regional institutions

  • Increased prioritisation of coastal ecosystem management across national development agendas, policies and budgets

  • Increased and more effective investment of funds in coastal ecosystem management

  • Enhanced investment in ecosystems as infrastructure, and fair payment for the benefits of ecosystem services

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