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Safeguarding the future of nature and people in the Coral Triangle through marine protection
Sydney, Australia – Coral Triangle countries are helping to avoid a natural and humanitarian toll in the Indo Pacific by conserving ocean habitats that are critical for the food security and livelihoods of more than a hundred million people, delegates at the World Parks Congress will hear today.
The Coral Triangle is a 6 million-km2 marine area that directly sustains and protects more than 120 million people in coastal communities across Indonesia, Malaysia, the Philippines, Papua New Guinea, the Solomon Islands, and Timor Leste.
EAP: Threatened Marine Ecosystems Get Boost from US$4.5 Million Grant from the GEF
WASHINGTON, September 30, 2013 – The World Bank’s Board of Executive Directors today approved a project to support the Capturing Coral Reef and Related Ecosystem Services Project, with US$4.5 million in grant funding provided by the Global Environment Facility (GEF). This regional project will design innovative models for valuing mangrove, sea grass and coral reef ecosystems services to inform policy and decision making for improved environmental stewardship of these critical resources.
Coral Triangle: GEF commits $63 million
Ministers from the Solomon Islands and Indonesia - on behalf of the Coral Triangle countries - today called on world leaders to recognize and act upon the threat climate change poses to marine environments, particularly the adverse impacts on coral reefs, fisheries and food security. GEF has committed up to $63 million to support a program of action under the Coral Triangle Initiative.