Open AccessSelf-financed marine protected areas
Author(s) -
Katherine D. Millage,
Juan Carlos Villaseñor-Derbez,
Darcy Bradley,
Matthew G. Burgess,
Hunter S. Lenihan,
Christopher Costello
Publication year - 2021
Publication title -
environmental research letters
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.37
H-Index - 124
ISSN - 1748-9326
DOI - 10.1088/1748-9326/ac3439
Subject(s) - marine protected area , enforcement , fishing , incentive , business , spillover effect , biomass (ecology) , environmental resource management , environmental economics , fishery , environmental science , economics , ecology , habitat , biology , microeconomics
Marine protected areas (MPAs) are an important tool for conservation but can be victims of their own success—higher fish biomass within MPAs create incentives to poach. This insight underpins the finding that fishing persists in most MPAs worldwide, and it raises questions about MPA monitoring and enforcement. We propose a novel institution to enhance MPA design—a ‘Conservation Finance Area (CFA)’—that utilizes leased fishing zones inside of MPAs, fed by spillover, to finance monitoring and enforcement and achieve greater conservation success. Using a bioeconomic model we show that CFAs can fully finance enforcement, deter illegal fishing, and ultimately maximize fish biomass. Moreover, we show that unless a large, exogenous, and perpetual enforcement budget is available, implementing a CFA in a no-take MPA would always result in higher biomass than without. We also explore real-world enabling conditions, providing a plausible funding pathway to improve outcomes for existing and future MPAs.