Indonesia is home to 16% of the world’s coral reef areas and approximately 60% of the world’s coral species. The value of goods and services provided by coral reefs in Indonesia-including fisheries, shoreline protection, and tourism-is estimated at US$1.6 billion per year. However, these precious ecosystems face numerous threats, from climate impacts to overfishing and unsustainable tourism practices.
The new CNN features includes a highlight of the recently announced first-of-its-kind US$35 million debt-for-nature swap focused on coral reefs supported and co-financed by GFCR.
The Governments of the United States and the Republic of Indonesia, along with key GFCR implementing partners-such as Yayasan Konservasi Alam Nusantara (YKAN) and Yayasan Konservasi Alam Nusantara (YKAN)-signed the agreement to protect Indonesia’s coral reef ecosystems. This groundbreaking deal will help scale conservation efforts for sites hosting resilient coral refugia, including the Bird’s Head Seascape, the Lesser Sunda, and Banda Seascape.
These regions span hundreds of thousands of hectares, providing habitats for over 75% of all coral species and more than 3,000 other marine species. Unfortunately, these ecosystems are the threatened by human impacts, including climate change and local stressors. In response, GFCR supports innovative finance instruments and reef-positive businesses that can help address key degradation drivers and promote sustainable practices, including through tourism sector transformation, seaweed industry growth, and a recently established mooring system to avert boat-related damages.
Together, GFCR Coalition members are committed to protecting #coralreefs and ensuring their resilience for future generations.
Read more about #GFCR supported efforts in the new CNN Indonesia feature:
www.cnnindones...
Video Credit: CNN Indonesia & Konservasi Indonesia
Негізгі бет GFCR Indonesia Programme CNN Feature: From Coral Reefs to Seaweed
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