DEVELOPING FUNDING MECHANISMS FOR PROTECTED AREAS
Along with all these efforts, the project examined the feasibility of funding mechanisms for protected areas, including entrance fees, tourist-industry contributions, sponsorships and payments for ecosystem services (PES). Two mechanisms were implemented in Fiji and Vanuatu, namely:
- a marine conservation agreement to fund management of the Vatu-i-Ra Marine Conservation Park along with education grants through a voluntary tourist-industry contribution generating EUR 6,000 to 12,000 per annum paid into a local trust fund; and
- a conservation fund on North Efate supplied by a voluntary contribution based on 10% of turnover from community tourist accommodation and activities amounting to approximately EUR 9,000 per annum, part of which will be allocated to tabu area management.