A Bioeconomic Model for Evaluating the Role of Conservation Finance in Fisheries
Loading...
No Access Until
Permanent Link(s)
Other Titles
Authors
Abstract
Current contributions from public and philanthropic sources, while significant, are insufficient to finance global fisheries reform. Private capital markets are a largely untapped resource that many argue can help support and sustain sustainable fisheries management. This paper explores this topic by analyzing the challenges and opportunities facing conservation finance, a growing industry seeking to balance financial returns with improvements to local environmental, economic, and social conditions. Using open access fisheries as context, we present the first application of a bioeconomic model to inform conservation finance for fisheries. We identify three strategies described by the conservation finance industry and evaluate their capacity to generate financial returns and to promote positive triple bottom-line impacts. Our model suggests that, in order for conservation finance to be effective, strong fisheries governance must first be established. If governance is not established, then conservation finance is faced with a perverse incentive in which a conservation finance project can generate value and increase employment while depleting the stock biomass. The results also suggest a tradeoff between environmental and social outcomes for fisheries operating at open access: in order to promote the recovery of the fish stock, fishing effort must be reduced. This conflicts with the stated goals of conservation finance and the broader sustainable development community to promote sustainable natural resource use without impacting the livelihoods of local stakeholders.
Journal / Series
Volume & Issue
Description
Sponsorship
Date Issued
2018-08-30
Publisher
Keywords
Environmental economics; Bioeconomics; Conservation Finance; fisheries; Natural resource management
Location
Effective Date
Expiration Date
Sector
Employer
Union
Union Local
NAICS
Number of Workers
Committee Chair
Gomez, Miguel I.
Committee Co-Chair
Committee Member
Sethi, Suresh Andrew
Degree Discipline
Applied Economics and Management
Degree Name
M.S., Applied Economics and Management
Degree Level
Master of Science
Related Version
Related DOI
Related To
Related Part
Based on Related Item
Has Other Format(s)
Part of Related Item
Related To
Related Publication(s)
Link(s) to Related Publication(s)
References
Link(s) to Reference(s)
Previously Published As
Government Document
ISBN
ISMN
ISSN
Other Identifiers
Rights
Rights URI
Types
dissertation or thesis