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The Protecting Our Planet Challenge has pledged $5 billion to protect at least 30% of the world's land and ocean by 2030, the New York Times reports.
That's the goal of a coalition of more than 90 countries, including the US, that was announced Tuesday at the UN Ocean Conference in Lisbon.
According to a press release, the Protecting Our Planet Challenge is the "largest-ever commitment of its kind" aimed at addressing "Earth's convergent climate, biodiversity, and human wellbeing crises."
"Everything from locally led advocacy to whole ocean planning must be deployed rapidly to avoid continued losses and to secure equitably governed seas," the press release states.
Marine protected areas are "one of the most effective tools available at all scales," the Times reports.
According to the press release, they can "safeguard biodiversity, facilitate natural regeneration, protect islands and coastal areas from storms, boost fisheries yields and secure marine carbon stocks."
The Protecting Our Planet Challenge will invest at least $1 billion to support the creation, expansion, and management of marine protected areas and Indigenous and locally governed marine and coastal areas by 2030.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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