Journal of Behavioral and Experimental Economics (2022) Bernedo Del Carpio, M., F. Alpizar, and P.J. Ferraro
Abstract
To protect the oceans’ natural capital and promote sustainable economic growth, the world needs to move beyond a business-as-usual relationship with its marine resources. Marine Spatial Planning (MSP) is a key tool to manage our oceans. This paper argues that adding robust economic analysis to the MSP process will increase buy-in, foster livelihoods, attract finance, and advance the long-term Blue Economy objective of protecting the ocean’s underlying resources and ecosystems. Although many reasons explain the limited uptake of MSP worldwide to date, implementation could be accelerated by better use of economic tools and innovative financial perspectives.
Francisco Alpízar 