Economics and Finance

Current Projects

CARIPES - Payments for Ecosystem Services in Caribbean Marine Protected Areas 

Sponsor: EU-DG Environment

Duration: 2013-2015

Project staff: Dr. Pierre Failler

Collaborators: University of Antilles-Guyane, The IMARES Centre of the Wareningen University and Martinique Marine Observatory

Project Synopsis: The CARIPES project seeks to implement a payment for ecosystem services in three Marine Protected Areas in the Caribbean (Saba, British Virgin Islands and Martinique).


SOCIOEC - Socio economic effects of management measures of the future Common Fisheries Policy (CPF)

Sponsor: EU-FP7 Collaborative Project

Duration: March 2012 - April 2015

Project staff: Dr. Aaron Hatcher

Abstract:  SOCIOEC is an interdisciplinary, European wide project bringing together scientists from several fisheries sciences with industry partners and other key stakeholders to work in an integrated way on solutions for future fisheries management that can be implemented at regional level. The central concept is to provide a mechanism for developing measures that are consistent with the overarching sustainability objectives of the EU, and can provide consensus across all stakeholders. The first step will be to develop a coherent and consistent set of management objectives, which will address ecological, economic and social sustainable targets. The objectives should be consistent with the aims of the CFP, MSFD and other EU objectives.

The second step will be to analyse the incentives for compliance provided by these measures, in particular the fisher’s responses and perceptions, based on historical analysis as well as direct consultation and interviews. This project will also examine how governance can be changed to facilitate self-and co-management to ensure fisher buy-in to management measures. Finally the project will examine the impacts of the management measures that emerge from this process, particularly in terms of their economic and social impacts.


AFSPAN - Aquaculture for Food Security, Poverty Alleviation and Nutrition

Sponsor: EU-FP7

Duration: March 2012 - April 2015

Project staff: Dr. Pierre Failler

Abstract: Aquaculture is widely considered as important for enhancing food security, alleviating poverty and improving nutrition. However, little information is available concerning the direct and indirect impacts of aquaculture on food security and poverty alleviation in most developing countries in LIFDCs. Strengthening the knowledge base surrounding aquaculture and food nutrition security through this project will provide the evidence upon which sound resource allocation and strategies can be based, and subsequently plan, implement and coordinate efficiently development and research programmes supporting the sustainable expansion of aquaculture and increasing its impact to food security and poverty alleviation. The project is to be implemented by 18 partners in 11 selected LIFDCs. 3 EU partners, and 3 international organisations. The project will strengthen the knowledge base on food security and poverty and develop new methodologies or more rigorous methodologies  to quantify the contribution of aquaculture in combating hunger and poverty in developing countries and LIFDCs. This will endeavour to better understand aquaculture’s contribution to human development.  

The results of the project will be brought to the attention of countries and development partners, particularly the EU, and the outputs will help LIFDCs and various development partners to improve efficiency and coordination in development initiatives focused on aquaculture as a means of promoting food security and poverty alleviation.