All hands on deck: Trends in funding for marine conservation

Income diversification projects such as seaweed farming were introduced to reduce the pressure on the limited marine resources brought by overfishing and at the same time increase the income of fishing communities in the Philippines. Photo by: Asian Development Bank / CC BY-NC-ND

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.

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    Catherine Cheney

    Catherine Cheney is a Senior Reporter for Devex. She covers the West Coast of the U.S., focusing on the role of technology and innovation in achieving the Sustainable Development Goals. And she frequently represents Devex as a speaker and moderator. Prior to joining Devex, Catherine earned her bachelor’s and master’s degrees from Yale University, worked as a web producer for POLITICO and reporter for World Politics Review, and helped to launch NationSwell. Catherine has reported from all over the world, and freelanced for outlets including the Atlantic and the Washington Post. She is also the West Coast ambassador for the Solutions Journalism Network, a nonprofit that trains and connects journalists to cover responses to problems.