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Sustainable Financing for Coral Reef Conservation in the 21st Century

This initiative focuses on establishing resilient networks of Marine Protected Areas (MPAs) to combat threats like climate change, with a strategic framework emphasizing survivability, resilience, and connectivity. By incorporating sustainable financing strategies, such as economic incentives and alternative income generation, the program aims to increase cost-effectiveness and ensure long-term conservation success. Working groups will develop tools and resources, with a strong emphasis on collaboration and knowledge-sharing. Program design will be completed by July, with ongoing consultations and input welcomed.

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Sustainable Financing for Coral Reef Conservation in the 21st Century

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  1. Transforming Coral Reef Conservation in the 21st Century • Establish and protect networks of MPAs in high biodiversity regions that are designed to survive, managed to last, and connected like strings of pearls across our ocean planet. • Global initiative, led by TNC and Conservation International, involving wide range of partners

  2. Strategic Framework for MPAs • Protect against broad threats (e.g., climate change) that cannot be managed at site, in addition to local, site-based threats • Add concept of survivability into MPA and portfolio design and management, in addition to representation • resilience, ability to recover • connectivity, mutual replenishment

  3. Three Pillars • Science: research and application • ecoregional planning/priority setting • coral bleaching resilience • fish spawning aggregation sites • connectivity • review existing MPAs/establish new ones • Capacity building for effective management • Sustainable financing

  4. Program Focus • Relatively few, high priority MPA networks for major, integrated attention • Leverage/outreach to other MPAs and MPA networks worldwide

  5. Sustainable Financing • Economic incentives, especially for creating MPAs • Increase cost effectiveness of management, build support, use market mechanisms • Compatible enterprises to provide alternative income and generate incentives and resources • Generate income for management, monitoring, and operating costs

  6. Possible Sustainable Finance Activities • Tool kits/other needs-based products • assessing enabling environment • assessing options at sites • developing promising approaches, with • case studies, lessons learned • Technical resources to help site managers • Support R&D new mechanisms • Network to share lessons, generate ideas • Financial resources: seed, matching funds

  7. Planning Process & Timeframe • Seven working groups • Initial drafts of components -- end March • Program management, coordination arrangements • Consultations on consolidated program -- April through June • Program design completed -- June/July

  8. What suggestions/input do you have for design of this component? • How can we work together on the sustainable financing component of this program?

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