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Finance Tools for Coral Reef Conservation: An Overview webinar (June 5th)

The Wildlife Conservation Society, in collaboration with the Conservation Finance Alliance and in support of the 50 Reefs initiative, recently released “Finance Tools for Coral Reef Conservation: A Guide” as a resource for protected area managers and others charged with managing and financing reef conservation. The report describes 13 types of finance tools which have either been proven successful at or have great potential to support reef conservation and sustainable management. Some of the finance tools to be covered in this overview webinar include various tourism-based fees, biodiversity offsets, bonds, debt swaps, and conservation trust funds. This webinar will share key findings and recommendations from the report and invite discussion from participants. This webinar is sponsored by ICRI as part of its collaboration with the Conservation Finance Alliance for promoting innovative financing for coral reef conservation. Co-sponsors are EBM Tools Network (co-coordinated by OCTO and NatureServe) and the Reef Resilience Network.

The webinar will be hosted by David Meyers of the Conservation Finance Alliance and Venkat Iyer of the UN Environment.

Please note that this webinar will be held twice to accommodate practitioners in different time zones, on the 5th of June. Please make sure you are signing up for the correct time:

This webinar is the first in a series of three. The second webinar is entitled Financing Coral Reef Conservation and Management with Tourism-Related Tools’ and will take place on the 17th of July. This webinar will explore the range of existing and emerging tools that protected areas and site managers can utilize to capture and direct finance from tourism towards conservation and management. Specifically, the webinar will discuss the use of entry, activity, and special use fees, commercial concessions, “departure” taxes, partnerships with hotels, and voluntary donations. This webinar is sponsored by the International Coral Reef Initiative (ICRI).

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