A report released the same day the United States announced its decision to withdraw from the Paris Agreement on climate change highlights new funding opportunities for marine conservation driven by private philanthropy, in combination with development banks and aid agencies.
The report, commissioned by the David and Lucile Packard Foundation, provides an overview of recent increases in funding for marine conservation — but suggests that NGOs working on the issue need to develop projects with a more attractive risk and return profile for investors.
“What we're hoping this report can do is deliver a really strong message of hope that, when well managed, ocean resources can simultaneously thrive alongside sustainable development,” Meg Caldwell, deputy director of the ocean program at the Packard Foundation, told Devex.