Policy instruments and finance for developing countries to promote the conservation and sustainable use of the ocean

This chapter examines the regulatory (command-and-control) and economic policy instruments as well as other finance mechanisms available for countries to create incentives and generate revenue for the conservation and sustainable use of the ocean. It focuses on sustainable fisheries and aquaculture, sustainable tourism, and reducing marine pollution, among others. In addition to its discussion of economic instruments, the chapter highlights three other mechanisms – conservation trust funds, blue carbon payments, and private sector concessions and community management approaches – and the role they can play in supporting the transition to a sustainable ocean.