Sustainable financing


Resources

  • The Conservation on Biological Diversity website has a section on Sustainable Finance: http://www.cbd.int/protected-old/sustainable.shtml. All managers are aware that there are significant running costs associated with ensuring that protected areas are effective, that local communities benefit from them and that the value of protected areas are maintained in perpetuity. This page provides information on how to develop a Sustainable Finance Plan and describes several case studies, including one entitled “WWF develops new financial tool to manage marine protected areas” that focuses on the Mesoamerican Reef Region . Most Caribbean reef management organizations lack a Sustainable Finance Plan and this resource explains how to create such a plan.
  • WWF’s overview of sustainable financing is detailed at: http://wwf.panda.org/what_we_do/how_we_work/businesses/transforming_markets/solutions/methodology/commodity_financing/sustainable_finance/. This is more general reading as opposed to specific tools that managers can use.  The website includes an interview with the director for the Environment, Social, and Governance Department at the International Finance Corporation (IFC), the private sector arm of the World Bank Group.
  • UNEP’s Finance Initiative is a global partnership between UNEP and the financial sector. Over 200 institutions, including banks, insurers and fund managers, work with UNEP to understand the impacts of environmental and social considerations on financial performance: http://www.unepfi.org/. Although this is on a far larger scale, Caribbean reef managers may find it interesting to read how UNEP engages people in the financial sector in environmental and climate change issues and carbon financing.

Key publications

Sustainable Financing of Protected Areas: A global review of challenges and options (2006).  IUCN, Gland, Switzerland and Cambridge, UK. 97pp. Emerton L, Bishop J and Thomas L (2006)

Financing Protected Areas: Guidelines for Protected Area Managers (2000) No. 5. Financing Protected Areas Task Force of the World Commission on Protected Areas (WCPA) of IUCN, in collaboration with the Economics Unit of IUCN, 58pp.