Green Finance, 2019, 1(2): 110-129. doi: 10.3934/GF.2019.2.110

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Sustainable financing of marine protected areas: the case of the Martinique regional marine reserve of “Le Prêcheur”
Running title: Marine protected Areas sustainable financing: the case of the Martinique Regional Marine Reserve

1 Centre for Blue Governance, Business School, University of Portsmouth, Portsmouth, United Kingdom
2 Université des Antilles, Martinique, France
3 Agrocampus Ouest, 65 rue de Saint-Brieuc, 35000 Rennes, France
4 NovaBlue Environment, Martinique, France

Marine Protected Areas require sustainable funding for their effectiveness. This article aims to provide an analysis of the feasibility of financial possibilities for the support of a Regional Marine Protected Area in Martinique. It provides a valuation of the funding alternatives. The concept of payment for ecosystem services is introduced to seek the benefits that fishermen can get from their involvement in the management of the protected areas.
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