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ADB approves $3.8 million support for development of coral reef insurance
The Asian Development Bank (ADB) this week approved $3.8 million to support the restoration, conservation, and management of coral reefs in four countries in Southeast Asia and the Pacific.
The project, financed by the Asia-Pacific Climate Finance Fund (ACliFF) and the Global Environment Facility will develop climate risk financing and insurance solutions to protect coral reef ecosystems in Fiji, Indonesia, the Philippines, and Solomon Islands.
Informing action: Pacific nations unite on the environment
The people of the Pacific islands may be among the smallest contributors to climate change, but they are on the frontline of its impacts.
Safeguarding the future of nature and people in the Coral Triangle through marine protection
Sydney, Australia – Coral Triangle countries are helping to avoid a natural and humanitarian toll in the Indo Pacific by conserving ocean habitats that are critical for the food security and livelihoods of more than a hundred million people, delegates at the World Parks Congress will hear today.
The Coral Triangle is a 6 million-km2 marine area that directly sustains and protects more than 120 million people in coastal communities across Indonesia, Malaysia, the Philippines, Papua New Guinea, the Solomon Islands, and Timor Leste.