Skip to main content
Home

GEF Logo

GEF Logo

Search
  • Who We Are

    Organization

    • Overview
    • CEO and Chairperson
    • Focal Points
    • Secretariat Staff

    GEF Council

    • Members & Alternates
    • Work Programs
    • Meetings
    • Decisions

    Funding

    • Overview
    • GEF-8 Replenishment
    • GEF-7 Replenishment
    • Replenishment Documents
    • Overview
    • CEO and Chairperson
    • Focal Points
    • Secretariat Staff
  • What We Do

    Topics

    Topics

    • Amazon
    • Biodiversity
    • Blended Finance
    • Chemicals and Waste
    • Climate Change
    • Food Security
    • Forests
    • Illegal Wildlife Trade
    • International Waters
    • Land Degradation
    • Least Developed Countries Fund
    • Mercury
    • Special Climate Change Fund
    • Sustainable Cities
    • View All Topics >>

    Stakeholder Engagement

    Stakeholder Engagement

    • Civil Society Organizations
    • Country Support Program
    • Gender
    • Indigenous Peoples
    • Knowledge & Learning
    • Private Sector
  • Projects & Operations

    Projects

    Projects

    • Project Database
    • Templates
    • How Projects Work

    Countries

    Countries

    • Recipient Countries
    • Donor Countries
    • Participant Countries
    • Country Support Program

    Operations

    Operations

    • Conflict Resolution Commissioner
    • Knowledge & Learning
    • Policies and Guidelines
    • Results
  • Partners

    Partners

    • Countries
    • GEF Agencies
    • Conventions
    • Civil Society Organizations
    • Private Sector
    • Countries
    • GEF Agencies
    • Conventions
    • Civil Society Organizations
    • Private Sector
  • Newsroom

    Newsroom Menu Column 1

    • All
    • News
    • Feature Stories
    • Press Releases
    • Multimedia
    • Publications
    • Blog

    Newsroom Menu Column 2

    • GEF Logo
    • Partner News
    • Newsletter
    • All
    • News
    • Feature Stories
    • Press Releases
    • Multimedia
    • Publications
    • Blog
  • Events
  • Search

GEF announces raft of new investments for oceans protection

Press Release
September 16, 2016

New investments in issues ranging from coastal fisheries and conservation funds to combating plastic pollution and expanding marine protected areas were announced by the Global Environment Facility at the Our Ocean conference in Washington DC in September, 2016.

Alongside fellow environment and conservation leaders, the GEF CEO and Chairperson, Naoko Ishii, stressed the need to match political commitments with financial support for the world’s oceans, our vital global commons.

Expansion and Protection of Marine Protected Areas

The Wildlife Conservation Society, Waitt Foundation, Blue Moon Fund, and the GEF announced a $48 million commitment to expand and protect the world’s marine protected areas (MPAs).

Joining Cristián Samper, President and CEO of WCS, Naoko Ishii, announced GEF’s contribution, “I am pleased to announce the GEF’s new commitment of $33 million dollars to create, expand and improve the effectiveness of over 7 million hectares of marine protected areas. These new funds will help ensure protection of valuable marine and coastal ecosystems worldwide, our vital global commons.” 

“Marine Protected Areas are a win-win. Marine Protected Areas are our best conservation tool protecting habitat, improving fisheries, supporting local livelihoods and securing the long-term health of marine biodiversity and the oceans,” said Samper.

 

Meloy Fund for Small-Scale Fisheries

With the conservation organization, Rare, and in collaboration with Conservation International, GEF announced the Meloy Fund for Small-Scale Fisheries, the first-of-Its kind impact investment fund.

“Despite providing half the world’s fish, the vast majority of fishing-sector employment and encompassing our most critical marine habitat, there is a yawning gap in investment in the sector.  The Meloy Fund aims to bridge that gap and further incentivize sustainable small-scale fishing practices,” said Rare CEO Brett Jenks.

Naoko Ishii, said, “We cannot secure our oceans’ future without the active involvement of the private sector. Investment in coastal fisheries is both an environmental necessity and a largely untapped economic opportunity. Today, we are here to announce the creation of the $20 million Meloy Fund, a first-of-its-kind attempt to attract private impact investments in community small-scale fisheries in Indonesia and the Philippines. The GEF investment in this fund is part of our commitment to both promote sustainable fisheries worldwide, protect marine ecosystems and foster partnerships with the private sector.”

 

Blue Abadi Fund

Conservation International, together with The Walton Family Foundation, the GEF, The Nature Conservancy and World Wildlife Fund, announced the launch of a trust fund, Blue Abadi.  The fund will support long-term protection of Indonesia's Bird's Head Seascape — home to the single greatest reservoir of marine life on the planet.

"The Bird's Head Seascape is a groundbreaking partnership protecting a unique and irreplaceable corner of our blue planet," said Peter Seligmann, chairman and CEO of Conservation International. "The Government of Indonesia and the local community have taken the lion's share of responsibility for these efforts. I am thrilled that Conservation International and our partners can support the long-term financial stability of this partnership through the Blue Abadi Fund."

Naoko Ishii, said "I am pleased to announce that the GEF will provide seed funding of more than 2 million dollars to help catalyze the Blue Abadi Fund in the heart of the Coral Triangle, one of the most marine biodiverse regions in the world. The Blue Abadi Fund is unique. It creates an investment partnership between a multilateral institution and private philanthropists working together with the public sector and NGOs. This groundbreaking new fund demonstrates the power of partnerships to co-finance ocean conservation."

 

Stemming the tide of ocean pollution

Ocean Conservancy, The Ellen MacArthur Foundation, UN Environment (UNEP), and GEF all announced greater efforts to tackle ocean pollution.

Addressing the Our Ocean conference, Naoko Ishii said, “It will take action on many fronts to deal with the growing menace of marine pollution.” She made two related announcements.

“To help eliminate plastics in the oceans, the GEF, in collaboration with UNEP (UN Environment) will invest $2 million dollars to support the efforts of the Ocean Conservancy’s Trash Free Seas Alliance to prevent plastic from leaking into the oceans,” said Ishii. “The GEF investment will also support the efforts of the Ellen MacArthur foundation’s New Plastics Economy initiative to move the entire plastics supply chain toward a circular economy.”

 Ishii continued, “At the same time, we cannot forget that excess nitrogen is poisoning our lakes and oceans. Therefore, I am also pleased to announce $6 million in new GEF support for a project with UNEP to address this important issue.”

“Marine debris, especially plastic debris, is a growing concern for all who care about our ocean and the communities that depend upon it,” said Andreas Merkl, CEO, Ocean Conservancy. “To stem the tide against plastic waste leaking into the ocean, it will take coordinated action across all sectors. This is why I’m pleased to have the support of the Global Environment Facility, the United Nations Environment Programme and our other partners in the Trash Free Seas Alliance® as we work to engage foreign governments, businesses and local civil society organizations to build durable solutions that will combat the flow of plastic waste into the ocean at every point in the pollution vector.”

Hosted by US Secretary of State John Kerry, Our Ocean 2016 brought together heads of state, scientists, business leaders, NGOs, and others to tackle key issues including marine protected areas, sustainable fisheries, marine pollution, and climate-related impacts on the ocean.

For more information about the GEF’s oceans work, please visit: http://www.thegef.org/topics/marine 

GEF media contact: Robert Bisset, Head of Communications, GEF, rbisset@thegef.org

Media Contacts

Robert Bisset
Head of Communications
+1 202 458 5191
rbisset@thegef.org

Laura MacInnis
Senior Communications Officer
+1 202 473 6978
lmacinnis@thegef.org

GEF Secretariat
1899 Pennsylvania Ave NW
Washington, DC 20006 USA

Topics

Areas Beyond National Jurisdiction
Coastal Fisheries Initiative
International Waters
Marine

Related News

undp_exposure_seychelles_tortoise.jpg
Feature Story

Financing ocean protection: strengthening the financing of Seychelles Protected Area network

October 24, 2019
Press Release

Global project launched to protect marine biodiversity

November 26, 2018
Our Ocean Conference 2018 was held in Bali this week to further global action on maintaining the sustainability of our oceans. Photo: Wonderful Nature/Shutterstock.
Blog

Six stories illustrate the Our Ocean 2018 Conference in action

October 30, 2018

GEF Updates

Subscribe to our distribution list to receive the GEF Newsletter.

Sign up

GEF Logo

Follow Us

GEF Affiliated Sites

  • GEF Portal
  • Independent Evaluation Office
  • Scientific and Technical Advisory Panel
  • Small Grants Programme

Who We Are

  • GEF Secretariat Staff
  • Conflict Resolution Commissioner
  • Council Members & Alternates
  • Focal Points
  • Careers
  • Legal
  • Contact Us

© 2022 Global Environment Facility, All Rights Reserved.  |   Legal