Caribbean Marine Protected Areas (Caribbean)
The Wyss Foundation will provide up to $2.9 million to support The Nature Conservancy’s Blue Bonds for Conservation initiative in the Caribbean. Through the recently-established Blue Bonds initiative, The Nature Conservancy will help nations simultaneously: 1) establish permanent protection for critically endangered ecosystems; 2) create a long-term sustainable funding stream to ensure that new protected areas are well-managed; and 3) reduce and restructure their sovereign national debt.
The model was successfully pioneered in February 2018 in the Seychelles through an agreement that resulted in the protection of 210,000 square kilometers of ocean. The Wyss Foundation’s support for the Blue Bonds initiative will enable The Nature Conservancy to work with a variety of Caribbean nations to explore potential conservation opportunities, securing protections for an estimated 10,000 square kilometers of critical ocean ecosystems in the coming years. The Caribbean Sea contains the greatest concentration of rare and endemic marine species in the Western Hemisphere and is home to approximately ten percent of the world’s coral reefs, eighteen percent of the world’s seagrass beds, and twelve percent of the world’s mangrove forests.