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SUSTAINABLE FINANCING OF MPAs IN THE MEDITERRANEAN: A FINANCIAL ANALYSIS

2014 2015 2016 2017 2018 2019 2020
EU Member
countries
national
budget 55,339,498 55,339,498 55,339,498 55,339,498 55,339,498 55,339,498 55,339,498
Remaining
EU LIFE
projects 6,506,833 4,720,042 3,846,681 3,351,566 2,268,325 318,512 0
Potential
resources
from EU LIFE 6,506,833 2,643,744 4,126,997 4,445,265 5,740,636 6,994,087 13,337,526

Table 27: Resource projection up to 2020 for EU countries (in euros)

Figure 26: Details of resource projection up to 2020 for EU countries (in euros)

5.2.3 Financing gap for the ideal management scenario

The comparison of financial needs for effective protection of 10% of the coastal marine area
in the Mediterranean (creation and effective management of existing MPAs and those to be
created) with the projected resources for the period 2015-2020 provides an estimate of the
financing gap for the ideal management scenario.

The total financing gap for the ideal management scenario for the 12 countries
studied in the Mediterranean amounts to €7.002bn.
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
and effective management of 5,738 km² of MPAs (compared with 712 km² of existing
MPAs). Notably, Lebanon had to be excluded from the study as the reference MPA used for
the study has high management costs for a very small area, which has created an
overestimate of the financial needs.
The financing gap is estimated to about €5.839bn for EU countries in the study (Croatia,
Cyprus, France, Greece, Italy, Slovenia, and Spain). This estimate is for the creation and

May 2015 – Vertigo Lab, for MedPAN, RAC/SPA and WWF Med. Page 83