Coral Triangle Day 2023: Launch of Regional Plan of Action 2.0 and the Coral Triangle Conservation Fund

Date:

12 June 2023

Uploaded By:

CTI-CFF RS

Coral Triangle Day 2023: Launch of Regional Plan of Action 2.0 and the Coral Triangle Conservation Fund

Coral Triangle Day serves as a powerful platform to raise awareness about the significance of the Coral Triangle region and its diverse marine ecosystems. It is a day for people across the Coral Triangle countries and beyond to come together and express their appreciation for the ocean and the vital resources it provides.

This year's theme, "OceansNeedActions," highlights the urgent need for collective action from all parties involved. It is a call to governments, businesses, organizations, communities, and individuals to take tangible steps towards the conservation and sustainable management of our oceans. This theme underscores the shared responsibility in safeguarding the Coral Triangle's ecosystems and ensuring their long-term health and resilience.

As a concrete action for the ocean, CTI-CFF proudly launched the Regional Plan of Action (RPOA) 2.0 and a fundraising strategy to support its implementation through Coral Triangle Conservation Fund (CTCF). The RPOA 2.0 outlines the vision and goals for the next ten years, building upon the successes and lessons learned from the previous phase. RPOA 2.0 aims to enhance the resilience of coral reefs, promote sustainable fisheries, and strengthen the capacity of local communities to adapt to climate change and other challenges.

The plan encompasses several key areas of focus. It prioritizes the establishment and effective management of Marine Protected Areas (MPAs) to safeguard critical habitats and biodiversity hotspots. By expanding the coverage and enhancing the management effectiveness of MPAs, RPOA 2.0 aims to protect and restore coral reefs, seagrass beds, and other vulnerable ecosystems, and to contribute to the 30 x 30 global targets.

The RPOA 2.0 places a strong emphasis on sustainable fisheries management. It seeks to ensure the long-term viability of fisheries by promoting responsible fishing practices, reducing illegal, unreported, and unregulated (IUU) fishing activities, and supporting the implementation of science-based fisheries management measures.

CTI-CFF Regional Plan Of Action (RPOA) 2.0

Additionally, RPOA 2.0 acknowledges the urgent need to address climate change and its impacts on the Coral Triangle region. It aims to enhance the resilience of coastal communities by integrating sustainable practices and ecosystem-based adaptation approaches.

The Coral Triangle Conservation Fund (CTCF), which serves as a sustainable financing mechanism to support the implementation of RPOA 2.0, will provide critical resources for conservation projects, research, and community-based initiatives within the Coral Triangle region. It will foster collaboration among governments, private sector partners, and civil society organizations to achieve our shared goals of preserving the Coral Triangle's unique biodiversity.

CTCF will start and fully operational in 2024. The fund's resources will be allocated strategically to support the marine protected and conserved area. The trust fund strategies are ‘Protect, Restore and Transform”. It is a dedicated financial resource that aims to mobilize funding for conservation projects, research initiatives, capacity-building efforts, and community-based programs within the Coral Triangle region. It serves as a catalyst for sustainable development, aiming to strike a balance between environmental conservation and the socio-economic well-being of local communities.

Follow this link to see more: