GCFI’s webinar

Eco2Fin tool – Sustainable Financing for MPAs

Following the session held at the World Parks Congress by Wolfs Company in Sydney, the Gulf and Caribbean Fisheries Institute (GCFI) organized a webinar on the innovative framework we developed (Eco2Fin) that uses TEEB (The Economics of Ecosystems and Biodiversity) to pinpoint ecosystem services and beneficiaries from a particular ecosystem in a protected area, and to reveal potential financing mechanisms. The financing mechanisms are then assessed based on the local economic and governance context, taking into account obstacles, potential solutions and next steps for their implementation. Although protected areas can be very different in terms of their geographic location, level of protection, and financing needs, this approach offers a practical structure for MPA managers to tackle key obstacles to generating financial support for their MPAs and identify opportunities to move towards sustainable financing. A recording of this webinar is available at: http://www.gcfi.org/index.php (look for the webinars section on the home page).

Leave a Reply