Effective Management and Sustainable Financing of Coral Reef Marine Protected Areas in the Philippines

Implemented by Blue Finance

As part of the upscaling of a ten-year EbA initiative, the project will build a portfolio of investment-ready businesses and projects to support building climate-resilient livelihoods for the communities of Marine Protected Area (MPA) networks in the Philippines Verde Island Passage and Calamian Islands. The project will generate investment incentives through a Blue Economy Investment Facility. By strengthening food security and incomes for coastal communities and supporting more vibrant coral reefs, the project will benefit 65 MPAs and 76,000 ha of coral reef and marine biodiversity, with an estimated 1,800,000 direct and indirect beneficiaries. By building the capacity of civil society and government to collaborate with the private sector on future EbA initiatives, and documenting these case studies, this project will also contribute to building the evidence base for the potential of the private sector for investing in EbA as a part of climate adaptation strategies.

Cohort: 1st (April 2021 cutoff)

Award: US$222,560

Header Image: © Ocean Image Bank / Gregory Piper; Footer Image: © UNEP

photography of mountains under cloudy skies

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