Implementing sustainable finance based on tourism value of the Turks and Caicos Islands : report on phase I scoping the feasibility to implement a sustainable finance mechanism based on the tourism value of the natural capital of the Turks and Caicos Islands / compiled by Esther Wolfs, Emma Doyle, Eric Salamanca.

Version 1.0

1 online resource (12 pages) : color illustrations.

"Project Name: Implementing Sustainable Finance based on Tourism Value of the Turks and Caicos Islands. Project ID: 184. Project PI: Scott Frew"--CoRIS spreadsheet document.

"Natural resources make an enormous economic contribution to tourism in the small island nations in the Caribbean. A healthy tourism industry depends on a healthy environment, and conserving natural capital means ensuring jobs and income. Moreover, sustainable development, including natural capital, of the economy will generate sustainable income and additional jobs in other sectors as well. The natural capital, especially the beaches and coral reefs, of the TCI serves the very important tourism industry, and faces severe threats, like impacts of coastal developments, damage to coral reefs attributed to ship grounding, inappropriate waste disposal, lack of enforcement officers and support system, illegal fishing, erosion of the beaches, lionfish invasion, and the effects of climate change. Despite the valuable contribution and importance of the natural capital of TCI for tourism, TCI resources to protect and conserve these natural capital are scarce. To support a healthy tourism industry there is a clear need to establish sustainable finance mechanisms for nature conservation of the marine and terrestrial protected areas to be effectively managed. In order to establish or optimize any such mechanisms, this research (Phase 1) focused on understanding the potential and existing funding streams and the allocation of these funds to marine and terrestrial protected area management in TCI"--Executive Summary.

Includes bibliographical references.

NOAA Coral Reef Conservation Program, National Ocean Service, 184.

Marine ecotourism Turks and Caicos Islands.

Coral reefs and islands Economic aspects Turks and Caicos Islands.

Coral reef conservation Economic aspects Turks and Caicos Islands.

Wolfs, Esther, editor.

Doyle, Emma, editor.

Salamanca, Eric, editor.

Frew, Scott, originator.

Coral Reef Conservation Program (U.S.), sponsor.

United States. National Ocean Service, sponsor.