IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03839140.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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-03839140
    as

    Download full text from publisher

    File URL: https://univ-perp.hal.science/hal-03839140/document
    Download Restriction: no
    File URL: https://libkey.io/10.3390/oceans3010006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. 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.
    3. 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).
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Reguero, Borja G. & Beck, Michael W. & Schmid, David & Stadtmüller, Daniel & Raepple, Justus & Schüssele, Stefan & Pfliegner, Kerstin, 2020. "Financing coastal resilience by combining nature-based risk reduction with insurance," Ecological Economics, Elsevier, vol. 169(C).
    2. Arun Rana & Qinhan Zhu & Annette Detken & Karina Whalley & Christelle Castet, 2022. "Strengthening climate-resilient development and transformation in Viet Nam," Climatic Change, Springer, vol. 170(1), pages 1-23, January.
    3. Yui Omori, 2021. "Preference Heterogeneity of Coastal Gray, Green, and Hybrid Infrastructure against Sea-Level Rise: A Choice Experiment Application in Japan," Sustainability, MDPI, vol. 13(16), pages 1-16, August.
    4. Julie Rozenberg & Marianne Fay, 2019. "Beyond the Gap," World Bank Publications - Books, The World Bank Group, number 31291, December.
    5. Borja G Reguero & Michael W Beck & David N Bresch & Juliano Calil & Imen Meliane, 2018. "Comparing the cost effectiveness of nature-based and coastal adaptation: A case study from the Gulf Coast of the United States," PLOS ONE, Public Library of Science, vol. 13(4), pages 1-24, April.
    6. Chengguang Lai & Xiaohong Chen & Zhaoli Wang & Haijun Yu & Xiaoyan Bai, 2020. "Flood Risk Assessment and Regionalization from Past and Future Perspectives at Basin Scale," Risk Analysis, John Wiley & Sons, vol. 40(7), pages 1399-1417, July.
    7. Abinash Bhattachan & Matthew D. Jurjonas & Priscilla R. Morris & Paul J. Taillie & Lindsey S. Smart & Ryan E. Emanuel & Erin L. Seekamp, 2019. "Linking residential saltwater intrusion risk perceptions to physical exposure of climate change impacts in rural coastal communities of North Carolina," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 97(3), pages 1277-1295, July.
    8. Denis Maragno & Michele Dalla Fontana & Francesco Musco, 2020. "Mapping Heat Stress Vulnerability and Risk Assessment at the Neighborhood Scale to Drive Urban Adaptation Planning," Sustainability, MDPI, vol. 12(3), pages 1-16, February.
    9. Ping Lan & Li Guo & Yaling Zhang & Guanghua Qin & Xiaodong Li & Carlos R. Mello & Elizabeth W. Boyer & Yehui Zhang & Bihang Fan, 2024. "Updating probable maximum precipitation for Hong Kong under intensifying extreme precipitation events," Climatic Change, Springer, vol. 177(2), pages 1-20, February.
    10. Allan Beltrán & David Maddison & Robert J. R. Elliott, 2018. "Assessing the Economic Benefits of Flood Defenses: A Repeat‐Sales Approach," Risk Analysis, John Wiley & Sons, vol. 38(11), pages 2340-2367, November.
    11. Benjamin S. Thompson, 2023. "Impact investing in biodiversity conservation with bonds: An analysis of financial and environmental risk," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 353-368, January.
    12. N. Zhang & H. Huang, 2018. "Assessment of world disaster severity processed by Gaussian blur based on large historical data: casualties as an evaluating indicator," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 92(1), pages 173-187, May.
    13. Céline Grislain-Letrémy & Bertrand Villeneuve, 2019. "Natural disasters, land-use, and insurance," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 44(1), pages 54-86, March.
    14. Fabian Quichimbo-Miguitama & David Matamoros & Leticia Jiménez & Pablo Quichimbo-Miguitama, 2022. "Influence of Low-Impact Development in Flood Control: A Case Study of the Febres Cordero Stormwater System of Guayaquil (Ecuador)," Sustainability, MDPI, vol. 14(12), pages 1-18, June.
    15. Martin Vezér & Alexander Bakker & Klaus Keller & Nancy Tuana, 2018. "Epistemic and ethical trade-offs in decision analytical modelling," Climatic Change, Springer, vol. 147(1), pages 1-10, March.
    16. Sadie J. Ryan & Anna M. Stewart-Ibarra & Eunice Ordóñez-Enireb & Winnie Chu & Julia L. Finkelstein & Christine A. King & Luis E. Escobar & Christina Lupone & Froilan Heras & Erica Tauzer & Egan Waggon, 2018. "Spatiotemporal Variation in Environmental Vibrio cholerae in an Estuary in Southern Coastal Ecuador," IJERPH, MDPI, vol. 15(3), pages 1-13, March.
    17. Ke Wang & Yongsheng Yang & Genserik Reniers & Quanyi Huang, 2021. "A study into the spatiotemporal distribution of typhoon storm surge disasters in China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 108(1), pages 1237-1256, August.
    18. Adriana Kocornik-Mina & Thomas K. J. McDermott & Guy Michaels & Ferdinand Rauch, 2020. "Flooded Cities," American Economic Journal: Applied Economics, American Economic Association, vol. 12(2), pages 35-66, April.
    19. Anna Gervasoni & Francesco Bollazzi & Margherita Mietto, 2022. "Private equity for the development of smart cities: the Italian case," LIUC Papers in Economics 2022-14, Cattaneo University (LIUC).
    20. Matthias Garschagen & Gusti Ayu Ketut Surtiari & Mostapha Harb, 2018. "Is Jakarta’s New Flood Risk Reduction Strategy Transformational?," Sustainability, MDPI, vol. 10(8), pages 1-18, August.

    More about this item

    Keywords

    coastal protection; reef restoration; financing mechanisms; nature-based solutions;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03839140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.