New revenue and jobs through ocean conservation

The document advocates for a shift from top-down ocean governance to a bottom-up model of community-managed marine reserves funded by private investment. It highlights that while only 1.2% of oceans are currently protected, increasing this coverage through 'fish banks' can offset closure costs within five years, increase local fisher income, and create jobs through tourism and spillover effects.

• Current ocean protection is insufficient, with over 8,000 marine protected areas (MPAs) covering only 1.2% of the oceans, compared to 12% of land globally.
• There is a significant gap between current protection levels and scientific or political goals; scientists recommend protecting 20-50% of oceans, while the UN Convention on Biological Diversity set a 2010 goal to protect 10% of marine and coastal areas by 2020.
• The YGL Fish Banks Initiative proposes a bottom-up model using private investment and locally managed community businesses to address the funding limitations and lack of accountability associated with traditional top-down government and NGO approaches.
• Marine reserves can provide rapid economic returns, with data indicating that benefits can offset closure costs in as little as five years and potentially double the income of local fishers through tourism and fish spillover into fishing areas.

APA

Rechberger, K. (2012). New revenue and jobs through ocean conservation. World Economic Forum. https://www.weforum.org/stories/nature-and-biodiversity/new-revenue-and-jobs-through-ocean-conservation/

Chicago

Rechberger, Kristin. New revenue and jobs through ocean conservation. World Economic Forum, 2012. https://www.weforum.org/stories/nature-and-biodiversity/new-revenue-and-jobs-through-ocean-conservation/.

Wikipedia

{{cite press release |last1=Rechberger |first1=Kristin |title=New revenue and jobs through ocean conservation |publisher=World Economic Forum |date=8 October 2012 |url=https://www.weforum.org/stories/nature-and-biodiversity/new-revenue-and-jobs-through-ocean-conservation/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{rechberger2012new, author = {Rechberger, Kristin}, title = {{New revenue and jobs through ocean conservation}}, publisher = {World Economic Forum}, year = {2012}, month = oct, url = {https://www.weforum.org/stories/nature-and-biodiversity/new-revenue-and-jobs-through-ocean-conservation/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }