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Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost

Author

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  • Angelique Brathwaite

    (CRIOBE - Centre de recherches insulaires et observatoire de l'environnement - UPVD - Université de Perpignan Via Domitia - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, LabEX CORAIL - Laboratoire d'Excellence CORAIL - IRD - Institut de Recherche pour le Développement - UAG - Université des Antilles et de la Guyane - EHESS - École des hautes études en sciences sociales - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UR - Université de La Réunion - UPF - Université de la Polynésie Française - UNC - Université de la Nouvelle-Calédonie - Institut d'écologie et environnement - UA - Université des Antilles, Blue Finance Economics for Coral Reef Ecosystems)

  • Nicolas Pascal

    (CRIOBE - Centre de recherches insulaires et observatoire de l'environnement - UPVD - Université de Perpignan Via Domitia - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, LabEX CORAIL - Laboratoire d'Excellence CORAIL - IRD - Institut de Recherche pour le Développement - UAG - Université des Antilles et de la Guyane - EHESS - École des hautes études en sciences sociales - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UR - Université de La Réunion - UPF - Université de la Polynésie Française - UNC - Université de la Nouvelle-Calédonie - Institut d'écologie et environnement - UA - Université des Antilles, Blue Finance Economics for Coral Reef Ecosystems)

  • Eric Clua

    (CRIOBE - Centre de recherches insulaires et observatoire de l'environnement - UPVD - Université de Perpignan Via Domitia - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, LabEX CORAIL - Laboratoire d'Excellence CORAIL - IRD - Institut de Recherche pour le Développement - UAG - Université des Antilles et de la Guyane - EHESS - École des hautes études en sciences sociales - EPHE - École Pratique des Hautes Études - PSL - Université Paris Sciences et Lettres - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - UR - Université de La Réunion - UPF - Université de la Polynésie Française - UNC - Université de la Nouvelle-Calédonie - Institut d'écologie et environnement - UA - Université des Antilles, Blue Finance Economics for Coral Reef Ecosystems)

Abstract

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.

Suggested Citation

  • Angelique Brathwaite & Nicolas Pascal & Eric Clua, 2022. "Private Capital to Improve Nature-Based Solutions for Coastal Protection: Time for a Boost," Post-Print hal-03839140, HAL.
    • Handle: RePEc:hal:journl:hal-03839140
    DOI: 10.3390/oceans3010006
    Note: View the original document on HAL open archive server: https://univ-perp.hal.science/hal-03839140v1
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    References listed on IDEAS

    as
    1. Cornelia Caseau & Gilles Grolleau, 2020. "Impact Investing: Killing Two Birds with One Stone?," Post-Print hal-03447089, HAL.
    2. Stijn Temmerman & Patrick Meire & Tjeerd J. Bouma & Peter M. J. Herman & Tom Ysebaert & Huib J. De Vriend, 2013. "Ecosystem-based coastal defence in the face of global change," Nature, Nature, vol. 504(7478), pages 79-83, December.
    3. Stephane Hallegatte & Colin Green & Robert J. Nicholls & Jan Corfee-Morlot, 2013. "Future flood losses in major coastal cities," Nature Climate Change, Nature, vol. 3(9), pages 802-806, September.
    4. Brathwaite, Angelique & Pascal, Nicolas & Clua, Eric, 2021. "When are payment for ecosystems services suitable for coral reef derived coastal protection?: A review of scientific requirements," Ecosystem Services, Elsevier, vol. 49(C).
    5. Greg H. Rau & Elizabeth L. McLeod & Ove Hoegh-Guldberg, 2012. "The need for new ocean conservation strategies in a high-carbon dioxide world," Nature Climate Change, Nature, vol. 2(10), pages 720-724, October.
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    Keywords

    coastal protection; reef restoration; financing mechanisms; nature-based solutions;
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