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A general business model for marine reserves.
Enric Sala1, Christopher Costello, Dawn Dougherty
1National Geographic Society, Washington, DC, United States of America.
Plos One
|April 11, 2013
Summary
Marine reserves protect biodiversity and can boost local economies through fisheries and tourism. Economic benefits often outweigh costs within five years, suggesting a profitable new model for reserve management.
Area of Science:
- Marine Conservation
- Bioeconomics
- Fisheries Management
Background:
- Marine reserves are effective for local biodiversity protection.
- Fishing communities may oppose reserves due to fears of short-term income loss.
- Potential economic benefits include fisheries enhancement, tourism growth, and ecosystem services.
Purpose of the Study:
- To review empirical data and bioeconomic models on marine reserve value.
- To demonstrate that marine reserve benefits can exceed pre-reserve economic value.
- To propose a new business model for marine reserve creation and management.
Main Methods:
- Review of empirical data on marine reserves.
- Development of bioeconomic models to assess costs and benefits.
- Analysis of economic impacts on adjacent fisheries and tourism.
Main Results:
- The economic value of marine reserves (fisheries + tourism) can exceed pre-reserve levels.
- Economic benefits can offset reserve costs in approximately five years.
- A new business model for reserves could be profitable for stakeholders.
Conclusions:
- Marine reserves offer significant economic advantages that can outweigh initial costs.
- A shift towards a profitable business model for marine reserves is feasible.
- The developed framework can guide cost-benefit analyses and business model development for reserves.
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