Seeking Protected Area Financial Sustainability
Summary
Despite their high value, many PA are having trouble making ends meet. Conservation costs are rising, driven by global challenges such as climate change and growing socio-political pressures. Government budget allocations are not enough to keep up and in many cases they are shrinking.
Therefore, it is necessary to develop financial strategies to support effective PA management and achieving conservations goals. This solution describes a step-by-step process to develop a financial strategy. BB1 reflects on the basic information needed; BB2 guides the development of a business model; and BB3 describes how to turn business models into investment-ready projects.
Classifications
Region
Scale of implementation
Ecosystem
Theme
Challenges
Sustainable development goals
Aichi targets
Challenges
* Insufficient public resources to manage protected areas.
* Lack of understanding or knowledge on sustainable finance options and solutions.
* Communication difficulties between conservationists and investors.
* Insufficient accountable park management.
Beneficiaries
Protected Area Managers, Conservation Practitioners, local communities, local NGOs, impact investors, private owners of voluntary conserved areas.
Building blocks
Comment les blocs constitutifs interagissent-ils entre eux dans la solution?
The building blocks are all part of a process for developing a PA financial strategy. BB1 describes the actions needed to know a PA financial gaps, needs and the context. BB2 exposes the process of designing a business model including identifying assets, coming up with a revenue-generating idea, conducting a feasibility study and developing a business model. BB3 reflects on the steps needed to transform the business model into a reality, from designing a project to finding the financial resources.
Without a clear idea of financial gaps and needs, it is very difficult to develop a business model. Without a business model it is very difficult to attract investments in conservation. Without investments in conservation it is very difficult to effectively manage PAs. Without an effective PA management, it is unlikely that conservation goals will be achieved, such as halting biodiversity loss. Without a healthy planet it is unlikely international commitments as Aichi Targets and Post-2020 Biodiversity Agenda, SDGs and Paris Agreement will be met.
Impacts
Effective PA management can have high conservation impacts, as well as social and economic benefits. This solution supports effective management by seeking financial resources.
Without a clear idea of financial gaps and needs, it is very difficult to develop a business model. Without a business model it is very difficult to attract investments in conservation. Without investments in conservation it is very difficult to effectively manage PAs. Without an effective PA management, it is unlikely that conservation goals will be achieved, such as halting biodiversity loss. Without a healthy planet it is unlikely international commitments as Aichi Targets and Post-2020 Biodiversity Agenda, SDGs and Paris Agreement will be met.
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