TNC targets $1.6 billion in blue bond impact
From TNC's press release found here: https://www.nature.org/en-us/what-we-do/our-insights/perspectives/an-audacious-plan-to-save-the-worlds-oceans/
The Nature Conservancy (TNC) announced at TED in Vancouver, Canada a plan to drastically scale-up ocean conservation around the world. By delivering Blue Bonds for Ocean Conservation in as many as 20 countries over the next five years, TNC will help ensure the new protection of up to 1.5 million square miles (4 million km2) of the world’s most biodiversity-critical ocean habitats – a 15 percent increase in the amount of protected ocean that currently exists. This plan, which was selected from more than 1,500 The Audacious Project applicants, has already secured more than $23 million in funding from various donors out of the $40 million TNC ultimately requires to unlock $1.6 billion toward marine conservation.
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With its plan to bring Blue Bonds to 20 countries, the organization expects to accomplish the following:
- Protect 2 million square miles (4 million km2) of oceanCommitments from countries to protect at least one-third of their marine resourcesHalf of these marine resources are set aside to increase climate change resilience for key marine species and habitats
- Save 13 percent of the world’s coral reefs Customized marine protection plans ensure the most important coral reefs are protected and restoredHealthy reefs provide habitat for fish, sea turtles, rays and other marine species and “seed” surrounding reefs by spreading coral larvae through ocean currents
-Benefit 43 million people living within 62 miles/100 km of a coastlineHealthy fisheries are protected, and degraded fisheries are returned to abundance, giving coastal people a secure source of food and incomeCoral reefs, mangroves and wetlands store carbon, protect communities from storm surges and rising seas and bolster coastal economies