Coral FInance

Upcoming Webinar: Financing Coral Reef Conservation and Management with Tourism-Related Tools

Presented by: David Meyers of the Conservation Finance Alliance


Coral reefs provide enormous economic value to humanity, and their value for recreation is one of the easiest to capture financially. This webinar will explore the range of existing and emerging tools that protected areas and site managers can use to capture funds from tourism for conservation and management. Specifically the webinar will discuss the use of: 1) entry, activity, and special use fees; 2) commercial concessions; 3) departure taxes; 4) partnerships with hotels; and 5) voluntary donations. This webinar is sponsored by the International Coral Reef Initiative (ICRI), an informal partnership which strives to preserve coral reefs and related ecosystems around the world, as part of its collaboration with the Conservation Finance Alliance for promoting innovative financing for coral reef conservation.

Co-sponsors: OCTO (OpenChannels, The Skimmer, MPA News), the EBM Tools Network (co-coordinated by OCTO and NatureServe), and the Reef Resilience NetworkConservation Finance Alliance
 This webinar will be offered at two different times:·      

Viewing 1: Wednesday, July 17, Noon US EDT/9 am US PDT/4 pm UTC·      

Viewing 2: Wednesday, July 17, 9 pm US EDT/6 pm US PDT (Thursday, July 18, 9 am Australian WST/11 am Australian EST/1 am UTC)

Register:

·       Viewing 1: https://zoom.us/webinar/register/WN_jNI0kihxTYuh6Je3MGFalg

·       Viewing 2: https://zoom.us/webinar/register/WN_5Wf9DQjtToCWS-SCe_PbIg

Photo Credit: Warren Baverstock

Upcoming ICRI Webinar, June 5th- Finance Tools for Coral Reef Conservation: An Overview

Presented by: David Meyers of the Conservation Finance Alliance and Venkat Iyer of UN Environment

This webinar will be offered at two different times:

·       Viewing 1: Wednesday, June 5, Noon US EDT/9 am US PDT/4 pm UTC

·       Viewing 2: Wednesday, June 5, 9 pm US EDT/6 pm US PDT (Thursday June 6, 9 am Australian WST/11 am Australian EST/1 am UTC)

Description: The Wildlife Conservation Society, in collaboration with the Conservation Finance Alliance and in support of the 50 Reefs initiative, recently released "Finance Tools for Coral Reef Conservation: A Guide" as a resource for protected area managers and others charged with managing and financing reef conservation. The report describes 13 types of finance tools which have either been proven successful at or have great potential to support reef conservation and sustainable management. Some of the finance tools to be covered in this overview webinar include various tourism-based fees, biodiversity offsets, bonds, debt swaps, and conservation trust funds. This webinar will share key findings and recommendations from the report and invite discussion from participants. This webinar is sponsored by the International Coral Reef Initiative (ICRI), an informal partnership which strives to preserve coral reefs and related ecosystems around the world, as part of its collaboration with the Conservation Finance Alliance for promoting innovative financing for coral reef conservation.

Co-sponsors: OCTO (OpenChannels, The Skimmer, MPA News), the EBM Tools Network (co-coordinated by OCTO and NatureServe), and the Reef Resilience Network

Register:

·       Viewing 1: https://zoom.us/webinar/register/WN_BoVvSwLgQ-GqO7osvPc4YQ

·       Viewing 2: https://zoom.us/webinar/register/WN_RhZKT0S4SQW3DPJ3K0XNXg

Photo Credit: Jayne Jenkins

New Report on Innovation for Coral Finance

The 2018 International Year of the Reef is an opportunity for the world’s media to highlight the many threats faced by coral ecosystems and the need to protect them. One of the main challenges faced when implementing coral conservation activities is the financing of it; the funds currently needed to achieve effective and lasting conservation greatly exceed the available funds, generating a substantial financing gap.

To explore ways of reducing this gap, the International Coral Reef Initiative releases a study of opportunities offered by innovative financing mechanisms for coral conservation. The seven most promising notions are presented. The report prompts for more integrated models, notably using a business-model approach. It introduces four example business models addressing specific coral-context challenges and how they can be used by local conservationists and decision-makers as a tool to make coral conservation sustainable. These examples are paving the way for dozens of customised coral business models still to be designed. We hope this first report will help renew the approach of coral finance.

The report is available here for download.