Caribbean Enviro-Fund: GEF Contributes US$7.2-million

By George Backwell
Monday, June 30, 2014
Eastern Caribbean Sea: Photo The Nature Conservancy

The Nature Conservancy says that the Global Environment Facility (GEF), through the World Bank, has contributed US$7.2-million to the Caribbean Biodiversity Fund (CBF) to promote the conservation, protection, management and expansion of national protected area systems and other areas of biodiversity significance across the Eastern Caribbean region.

The marine and coastal resources of the Caribbean – its coral reefs, beaches, fisheries and mangroves – serve as an essential economic engine. However, unsustainable coastal development, climate change and overfishing, as well as land-based sources of sediment and pollution are negatively impacting the region’s marine and coastal ecosystems.

The CBF will distribute the proceeds generated by the investment to conservation trust funds that are in the process of being established in Antigua and Barbuda, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. These locally-managed funds will make grants to government agencies and non-governmental organizations to execute conservation projects with a strong emphasis on marine habitats.

“The return on investments from the CBF endowment will be a sustainable source of funds that will help countries cover their costs for the management of protected area systems and other conservation needs,” says Yabanex Batista, Chief Executive Officer of the CBF. “We are currently working on increasing the CBF capital and bringing more resources to further assist countries.”

“The Caribbean is the most biologically rich area in the Atlantic, retaining 10% of the world’s coral reefs and 12,000 marine species,” says Dr. Philip Kramer, Director of The Nature Conservancy’s Caribbean Program. “Continued investments in the Caribbean Biodiversity Fund, such as this generous support from the World Bank/GEF, are critical for putting the Caribbean on a path to a sustainable future.”

The Nature Conservancy is at: http://www.nature.org

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Respopnds to Sunken Vessel Near Sitka, Alaska

The Coast Guard is responding to the sinking of a fishing vessel in Kelp Bay near Sitka Friday. Coast Guard personnel from Sector Juneau, the Coast Guard

Next LCS to be Named USS Minneapolis/St. Paul

Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21). The future Minneapolis/St.

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

Finance

Next LCS to be Named USS Minneapolis/St. Paul

Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21). The future Minneapolis/St.

MSC Upgrades Europe-West Africa Service

As part of our objective to continually improve our services to customers, MSC is delighted to announce an upgrade to its Angola Express service with a first

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

Environmental

Mississippi River Closed Due to Collision, Spill

A unified command team continues its response Friday to an oil spill in the Mississippi River following a collision between two towboats at mile marker 937 in Paducah

Ballast Water System Retrofits for 11 Containerships

Eleven container vessels owned by Bernhard Schulte GmbH & Co. KG, based in Germany, are to be retrofitted with Wärtsilä Aquarius Ballast Water Management Systems (BWMS), Wärtsilä announced today.

U.S. Coast Guard Responds to Collision Near Paducah

On-scene assessment teams have reported the maximum estimated potential clarified slurry oil released from the tug collision is now 250,000 gallons, Thursday. The

Ocean Observation

Occurrence of Humpback Whales at Franz Josef Land Recorded

Scientists first documented occurrence of humpback whales near the archipelago of Franz Josef Land. Experts attribute this to the successful development of their populations.

Russian Spy Ship near US Nuke Submarine Bases

Fox News and the Washington Free Beacon reported the presence of a  top Russian spy ship off the coast of Kings Bay, Georgia and is capable of cutting undersea cables.

China Ready with ECAs

China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports.   China's Ministry

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2480 sec (4 req/sec)