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SUSTAINABLE FINANCING OF MPAs IN THE MEDITERRANEAN: A FINANCIAL ANALYSIS





               5  FINANCIAL NEEDS AND FUNDING GAP FOR THE

                    MANAGEMENT OF MPAS IN THE MEDITERRANEAN
                    REGION




               KEY POINTS:
               The method used here to scrutinize MPA needs for effective management is the first
               of  this  kind  in  the  region.  It  provides  financial  data  on  needs  for  14  countries  in  the
               Mediterranean, and estimates a regional financing  gap for 7 non-EU countries – Albania,
               Monaco, Egypt, Israel, Lebanon, Montenegro and Tunisia – and 7 EU countries – Croatia,
               Cyprus, France, Greece, Italy, Slovenia and Spain.
               As shown by the study, MPAs are underfunded, resulting in ineffective management:
               official  data  from  17  countries  shows  that  total  available  resources  for  existing  MPA
               systems in the region are nearly €54.5M per year. But, this need to be compared with the
               financing    needs  for  effective  management  of  MPAs.  Estimates  of  the  effective
               management needs for national MPA systems, aggregated for 14 countries in the region,
               show a financing  gap (available funds minus financial needs) for MPAs of €700M per
               year to simply address effective management activities. The financing  gap for the 7
               EU countries studied is estimated to be €458M in 2014, and it is €17M for the 7 non-EU
               countries studied.
               Current revenues only cover 12% of financial needs across all Mediterranean MPAs
               (9%  if  investment  costs  are  included).  This  value,  considered  as  a  minimum  for  the
               financial needs of Mediterranean MPAs, is particularly worrying, considering the decrease
               in current resources for MPAs while the pressures on coastal ecosystems increase due to
               climate change and higher anthropogenic pressures from tourism and fisheries.
               The  surface  area of  MPAs  to  be  created by  2020  in  the  Mediterranean  coastal  zone  to
               attain  the  Aichi  target  has  been  estimated  at around  49,000  km2,  representing  a  total
               creation cost of €25M. The total financing  gap for the ideal management scenario
                                               13
               for  the  12  countries  studied   in  the  Mediterranean  amounts  to  €7.002bn.  This
               represents an average value of €132,600 per km² to reach the Aichi target.
               The financing  gap for this scenario is estimated at €1.162bn for the non-EU countries in
               the  study  (Albania,  Egypt,  Israel,  Monaco  and  Tunisia).  This  corresponds  to  the
               creation of 5,738 km² in the countries studied (compared with 712 km² of current MPAs).
               The financing   gap  is estimated  to  about  €5.839bn  for  the  EU  countries  of  the  study
               (Croatia, Cyprus, France, Greece, Italy, Slovenia, and Spain). This estimate is for the
               creation  of  34,141  km²  (compared  with  45,999  km²  of  current  MPAs  –  excluding  the
               Pelagos sanctuary).

               This  financing    effort  to  reach  the  Aichi  target  is  substantial  when  compared  with  the
               current  resources  directed  to  MPAs.  This  financing    effort  corresponds  mainly  to  the
               creation of new MPAs that would definitely lead to major benefits for tourism, fisheries and




               13 -  Montenegro  and  Lebanon  were  excluded from the funding gap  analysis due to  a lack  of information  on  existing  MPA
               systems.


               May 2015 – Vertigo Lab, for MedPAN, RAC/SPA and WWF Med.                             Page 70
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