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SUSTAINABLE FINANCING OF MPAs IN THE MEDITERRANEAN: A FINANCIAL ANALYSIS

Country Net Present 2015 2016 2017 2018 2019 2020
location Value
EU countries
financial needs (in 3,540,705,856 675,431,785 675,431,785 675,431,785 675,431,785 675,431,785 675,431,785
17
€)
Non EU countries
18
financial needs 109,145,454 20,820,794 20,820,794 20,820,794 20,820,794 20,820,794 20,820,794
(in €)

Table 23: Financial needs for effective management of existing MPAs (in €)

Country Net Present
location Value 2015 2016 2017 2018 2019 2020
EU countries
financial needs 2,587,029,407 145,761,444 291,522,887 437,284,331 583,045,775 728,807,219 874,568,662
(in €)
Non EU
countries
financial needs 1,057,979,568 59,609,925 119,219,850 178,829,775 238,439,700 298,049,626 357,659,550
(in €)

Table 24: Financial needs for effective management MPAs to be created (in €)

5.2.2 Revenue projection up to 2020

The assessment of resource mobilisation from 2014-2020 took into account national
expenditures from central budgets for MPAs and international funding from international
cooperation. Projections for EU member States and non-EU countries have been separated.
The projections on national central budgets assume that they remain constant over time. As
stated in the previous section, most countries kept the same level of investment with slight
variations over the period 2012-2014. This trend was used up to 2020.

The projections on international funding took into account the remaining financial resources
from bilateral ODA and GEF projects, and from the EU life projects. As these resources
represent commitments, the same rule of calculation was used as previously; the remaining
total value was divided by the number of years left to the end of the project. In addition, the
financial resources that will be allocated by the GEF in its 6th replenishment cycle (2014-
2018), to support implementation of the Aichi targets, were estimated. GEF-6 provides an
indication of individual allocations for countries eligible to receive grants devoted to
biodiversity (see Table below). GEF-5 allocated 56% of total GEF’s grants to Marine
Protected Areas, so an equal level of investments in countries in the Mediterranean has
been assumed, which potentially represents €22,771,876. These financial resources were
projected up to 2020 by distributing the total value over the remaining 5 years. Figure 36
details the resource projections.

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

May 2015 – Vertigo Lab, for MedPAN, RAC/SPA and WWF Med. Page 80