A General Business Model for Marine Reserves
Marine reserves are an effective tool for protecting biodiversity locally, with potential economic benefits including enhancement of local fisheries, increased tourism, and maintenance of ecosystem services. However, fishing communities often fear short-term income losses associated with closures, a...
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| Format: | Journal Article |
| Language: | en_US |
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Public Library of Science
2015
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| Online Access: | http://hdl.handle.net/10986/23205 |
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okr-10986-232052021-04-23T14:04:13Z A General Business Model for Marine Reserves Sala, Enric Costello, Christopher Dougherty, Dawn Heal, Geoffrey Kelleher, Kieran protected areas environment marine reserves ecological sustainability fishing tourism Marine reserves are an effective tool for protecting biodiversity locally, with potential economic benefits including enhancement of local fisheries, increased tourism, and maintenance of ecosystem services. However, fishing communities often fear short-term income losses associated with closures, and thus may oppose marine reserves. Here we review empirical data and develop bioeconomic models to show that the value of marine reserves (enhanced adjacent fishing + tourism) may often exceed the pre-reserve value, and that economic benefits can offset the costs in as little as five years. These results suggest the need for a new business model for creating and managing reserves, which could pay for themselves and turn a profit for stakeholder groups. Our model could be expanded to include ecosystem services and other benefits, and it provides a general framework to estimate costs and benefits of reserves and to develop such business models. 2015-12-03T21:39:49Z 2015-12-03T21:39:49Z 2013-04-03 Journal Article PLoS ONE http://hdl.handle.net/10986/23205 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Public Library of Science Publications & Research :: Journal Article Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
protected areas environment marine reserves ecological sustainability fishing tourism |
| spellingShingle |
protected areas environment marine reserves ecological sustainability fishing tourism Sala, Enric Costello, Christopher Dougherty, Dawn Heal, Geoffrey Kelleher, Kieran A General Business Model for Marine Reserves |
| description |
Marine reserves are an effective tool for protecting biodiversity locally, with potential economic benefits including enhancement of local fisheries, increased tourism, and maintenance of ecosystem services. However, fishing communities often fear short-term income losses associated with closures, and thus may oppose marine reserves. Here we review empirical data and develop bioeconomic models to show that the value of marine reserves (enhanced adjacent fishing + tourism) may often exceed the pre-reserve value, and that economic benefits can offset the costs in as little as five years. These results suggest the need for a new business model for creating and managing reserves, which could pay for themselves and turn a profit for stakeholder groups. Our model could be expanded to include ecosystem services and other benefits, and it provides a general framework to estimate costs and benefits of reserves and to develop such business models. |
| format |
Journal Article |
| author |
Sala, Enric Costello, Christopher Dougherty, Dawn Heal, Geoffrey Kelleher, Kieran |
| author_facet |
Sala, Enric Costello, Christopher Dougherty, Dawn Heal, Geoffrey Kelleher, Kieran |
| author_sort |
Sala, Enric |
| title |
A General Business Model for Marine Reserves |
| title_short |
A General Business Model for Marine Reserves |
| title_full |
A General Business Model for Marine Reserves |
| title_fullStr |
A General Business Model for Marine Reserves |
| title_full_unstemmed |
A General Business Model for Marine Reserves |
| title_sort |
general business model for marine reserves |
| publisher |
Public Library of Science |
| publishDate |
2015 |
| url |
http://hdl.handle.net/10986/23205 |
| _version_ |
1764453197584269312 |