Marine and coastal resources provide millions of people with their livelihoods, such as fishing and tourism, and a range of critical additional ‘ecosystem services’, from biodiversity and culture to carbon storage and flood protection. Yet across the world, these resources are fast-diminishing under the weight of pollution, land clearance, coastal development, overfishing, natural disasters and climate change. 

This book shows how economic instruments can be used to incentivize the conservation of marine and coastal resources. It is shown that traditional approaches to halt the decline focus on regulating against destructive practices, but to little effect. A more successful strategy could be to establish schemes such as payments for ecosystem services (PES), or incorporate an element of financial incentives into existing regulatory mechanisms. Examples, both terrestrial and marine, from across the world suggest that PES can work to protect both livelihoods and environments. 

But to succeed, it is shown that these schemes must be underpinned by robust research, clear property rights, sound governance structures, equitable benefit sharing, and sustainable finance. Case studies are included from south and east Asia, Latin America, Africa and Australia. The book explores the prospects and challenges, and draws lessons from PES and PES-like programmes from across the globe.

chapter 1|16 pages


chapter 2|21 pages

Using valuation to make the case for economic incentives

Promoting investments in marine and coastal ecosystems as development infrastructure

chapter 3|15 pages

Promoting marine and coastal ecosystem functions through direct economic incentives

The case for multilevel good governance

chapter 5|24 pages

Integrated payments for ecosystem services

A governance path from lakes and rivers to coastal areas in China

chapter 6|27 pages

Payments for marine ecosystem services and food security

Lessons from income transfer programmes

chapter 12|19 pages

Africa's mangrove habitats

Prospects and challenges of payment for coastal and marine ecosystem services