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Innovation drives Seychelles blue economy approach
Our oceans provide everything from food for billions around the world, to protecting communities and economies from storms—bringing it at least $1.5 trillion to the global economy every year. But they also face a barrage of threats, from marine pollution and dwindling fish stocks, to the dramatic effect of climate change on coastal communities. Such challenges require new ways of thinking and innovative financing tools that address both the health and economic wealth of our oceans.
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 Initiative on Coral Reefs (CTI), Fisheries and Food Security
The Coral Triangle Initiative (CTI) is centered on high-level political commitments and proactive implementation by governments of the Coral Triangle area, and supported by multilateral and bilateral agencies, non-governmental organizations, and private sector partners (development partners). The six countries have chosen to address-in partnership- the management, conservation and adaptation to climate change of the tuna fisheries and coral ecosystems in that region.