Project overview
TNC was selected as convening agent for a new regional programme approved in November 2023 by the Global Fund for Coral Reefs, aiming to support the improved management of 1,073,241 hectares of coastal ecosystems, including 175,141 hectares of coral reefs, with 10 million USD in grants over 7 years to leverage an additional $ 26,000,000 USD. The progamme is focusing on innovative blue finance mechanisms to support reef-positive enterprise and financial mechanism development, including ecotourism, sustainable fisheries, waste and water management, and sustainable aquaculture enterprises. It will also leverage new funding sources for conservation, restoration, and sustainable reef use while supporting community resilience through livelihoods, food security, and coastal protection.
Other partner organisations
- Government of Federated States of Micronesia
- Government of Republic of Marshall Islands
- Government of Republic of Palau
- Micronesia Conservation Trust (MCT)
- Palau International Coral Reef Center (PICRC)
- Palau Pacific Areas Network (PAN) Fund
- Pacific Island Tuna (PIT)
- FSM Development Bank
- National Development Bank of Palau
- Marshall Islands Development Bank
- Pacific Islands Development Bank.
Framework action tracks
- 01 – Our people at the centre of conservation action
- 04 – Sustainable and resilient island economies
- 05 – Nature-based Solutions (NbS) to sustain our social-ecological systems
- 06 – Environmentally and culturally sensitive tourism
- 13 – Ending unsustainable fishing
- 18 – Preventing terrestrial, freshwater and marine pollution (non-plastic)