Financial mechanisms allow private sector to participate in conservation of biodiversity through corporate responsibility programs and corporate image positioning and complementing the financial sustainability for Protected Areas Systems. Private sector shows an interest in contributing to the development of programs of corporate social responsibility that focus either on social or environmental fields. However, there is still a need for coordination with the National Authorities for Protected Areas. Therefore, it is important to develop different strategies for approach the private sector for support of Protected Areas at national and sub-national level.
As Protected areas are typically underfunded there is a need to increase the support from the private sector through different mechanisms and tools (that increase financial resources but avoiding social impacts to the local communities near the Protected Area).
Financial Tools and Mechanisms.
It is important to develop different strategies for approach the private sector for support of Protected Areas at national and sub-national level in coordination with the National/Regional Authorities for Protected Areas
The contribution from the Private Sectors has increased (for instance in Colombia, 15% of Colombia’s financial resources come from Private Sector).