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SUSTAINABLE FINANCING OF MPAs IN THE MEDITERRANEAN: A FINANCIAL ANALYSIS

MPA surface area to be
Country created to achieve Aichi
2
Target 11 (km )
Albania 474.4
Algeria 2655.7
Cyprus 1535.69
Croatia 2611.77
Egypt 2016.12
France 0
Greece 15786.14
Israel 461.62
Italy 11178.41
Lebanon 478.35
Libya 3604.36
Malta 213.98
Monaco 7.54
Montenegro 236.3
Morocco 620.19
Slovenia 17.74
Spain 3011.17

Table 22: MPA surface to be created to achieve Aichi Target 11

Based on the average size of MPAs, surfaces area to be created have been estimated as
being equivalent to 588 MPAs (of average size) in total. The cost of creating an MPA has
been previously estimated at around €42,646. Thus, it would cost €25M in total to create the
necessary MPAs.

c) Financial needs for effective management of existing MPAs and those to
be created
The Net Present Value of financial needs for
effective management of MPAs by 2020 under the 2012 FINDINGS ON MPA CREATION
ideal management scenario (conservation of 10% Since 2008, 23 MPAs have been
of marine surface areas via a network of established in 10 countries amounting to an
16
Protected Areas) amounts to €7.29bn (at a additional surface area of 6,754 km² which
discount rate of 4%). Details by year are provided represents close to a 7% increase of
in Erreur ! Source du renvoi introuvable. and protected surface area in 5 years
REF _Ref419543864 \h \* MERGEFORMAT compared with the 2008 protected surface
2
Erreur ! Source du renvoi introuvable. area of 97,410 km , or 4% of the
assuming regular creation of MPAs: 16.6% of Mediterranean (0.04% without Pelagos)
MPAs to be created by 2020 are created each (Gabrié et al., 2012).
year. Projections for EU member States and non-
EU countries have been separated.

16 - Aggregated value for Croatia, Cyprus, France, Greece, Italy, Slovenia, Spain, Albania, Monaco, Egypt, Israel and Tunisia

May 2015 – Vertigo Lab, for MedPAN, RAC/SPA and WWF Med. Page 79