Southeast Asia ocean fund launched at COP16 aims to fast-track conservation beyond marine protected areas

Quick Summary:

The initiative is philanthropy-led and will extend beyond traditional Marine Protected Areas (MPAs) to cover conservation of more existing ocean ecosystems.

Less than 3 per cent of the region's national waters are under formal protection.

As one of the most biodiverse marine regions in the world, Southeast Asia is home to approximately a third of the world’s coral reefs, 33 per cent seagrass beds and 31 per cent mangroves.

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Article Details

Author / Journalist: Siva Selan

Category: EconomyBusiness

Markets: SingaporeCambodiaColombiaIndonesiaMalaysiaPhilippines

Topics: COP16 Biodiversity Sustainable development Oceans Marine Rivers Financing ASEAN Philanthropy Climate finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 01:08:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23369480

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

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Publisher ID: #100

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