Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost
Coastal protection, an important coral reef ecosystem service, is threatened by increasing coral mortality, exacerbated by global climate change. Nature-based solutions in the form of coral restoration, while not perfect, can assist in rebuilding reef structure and improving the flow of the service...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-02-01
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| Series: | Oceans |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2673-1924/3/1/6 |
| _version_ | 1797443878997983232 |
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| author | Angelique Brathwaite Nicolas Pascal Eric Clua |
| author_facet | Angelique Brathwaite Nicolas Pascal Eric Clua |
| author_sort | Angelique Brathwaite |
| collection | DOAJ |
| description | Coastal protection, an important coral reef ecosystem service, is threatened by increasing coral mortality, exacerbated by global climate change. Nature-based solutions in the form of coral restoration, while not perfect, can assist in rebuilding reef structure and improving the flow of the service for some sites. With a financing gap existing between what is required for conservation and what is being accessed, private investors should be playing a larger role in such restoration activities. Especially so as coastal hoteliers in particular, benefit from stable beaches and also have additional income generating potential with healthy reefs. Blended finance solutions in particular, are especially suited to restoration that incorporates substrate addition, while payments for ecosystem services are more suited to coral gardening. Conservation and finance practitioners must engage further and understand each other’s worlds, in order for these private sources to be effectively sourced and utilized. |
| first_indexed | 2024-03-09T13:03:29Z |
| format | Article |
| id | doaj.art-1c187e067b914a40ad5993e496129496 |
| institution | Directory Open Access Journal |
| issn | 2673-1924 |
| language | English |
| last_indexed | 2024-03-09T13:03:29Z |
| publishDate | 2022-02-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Oceans |
| spelling | doaj.art-1c187e067b914a40ad5993e4961294962023-11-30T21:51:17ZengMDPI AGOceans2673-19242022-02-0131607110.3390/oceans3010006Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a BoostAngelique Brathwaite0Nicolas Pascal1Eric Clua2Blue Finance ECRE (Economics for Coral Reef Ecosystems), Foster Hall St. John, Bridgetown 20002, BarbadosBlue Finance ECRE (Economics for Coral Reef Ecosystems), Foster Hall St. John, Bridgetown 20002, BarbadosBlue Finance ECRE (Economics for Coral Reef Ecosystems), Foster Hall St. John, Bridgetown 20002, BarbadosCoastal protection, an important coral reef ecosystem service, is threatened by increasing coral mortality, exacerbated by global climate change. Nature-based solutions in the form of coral restoration, while not perfect, can assist in rebuilding reef structure and improving the flow of the service for some sites. With a financing gap existing between what is required for conservation and what is being accessed, private investors should be playing a larger role in such restoration activities. Especially so as coastal hoteliers in particular, benefit from stable beaches and also have additional income generating potential with healthy reefs. Blended finance solutions in particular, are especially suited to restoration that incorporates substrate addition, while payments for ecosystem services are more suited to coral gardening. Conservation and finance practitioners must engage further and understand each other’s worlds, in order for these private sources to be effectively sourced and utilized.https://www.mdpi.com/2673-1924/3/1/6coastal protectionreef restorationfinancing mechanismsnature-based solutions |
| spellingShingle | Angelique Brathwaite Nicolas Pascal Eric Clua Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost Oceans coastal protection reef restoration financing mechanisms nature-based solutions |
| title | Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost |
| title_full | Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost |
| title_fullStr | Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost |
| title_full_unstemmed | Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost |
| title_short | Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost |
| title_sort | private capital to improve nature based solutions for coastal protection time for a boost |
| topic | coastal protection reef restoration financing mechanisms nature-based solutions |
| url | https://www.mdpi.com/2673-1924/3/1/6 |
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