More than 100 nations have called for the protection of at least 30% of the marine environment by 2030. Marine protected areas (MPAs) are an effective tool to preserve, maintain, and restore biodiversity and recover biomass in the marine environment, as well as to combat climate change by increasing carbon capture. MPAs are situated in a broader new blue framework and economic model to achieve 100% sustainable management in a shift away from unsustainable extractive economies to resilient, nature-based economies that support people and the planet. In this session, panelists will discuss the tools available to achieve sustainable finance, enabling an environment for effective MPA implementation, and exploring new and bold ideas for durable and significant finance. Panelists also will discuss the legal and institutional frameworks needed to ensure that revenues generated from these sources are utilized for the intended purpose of sustainably financing MPA implementation.
This occasional newsletter highlights events and stories about innovation in sustainable development for rural, remote and island regions. We want to change the discourse to demonstrate how islandness can be a driver for innovation.