Africa looks to private sector to fund ocean climate action

credit:

Countries on Africa's west coast are increasingly turning to climate funding initiatives to boost livelihoods of oceanside communities, aid biodiversity, and take climate action, the AP reports.

On the margins of the high-level political forum on sustainable development currently underway at the United Nations headquarters in New York, African coastal and island states and conservation groups outlined plans to boost ocean conservation and economic development through a system of "' blue bonds'a method of financing projects that would also benefit ocean health.

The Great Blue Wall initiative, launched last year by 10 western Indian Ocean states during the UN's climate conference in Glasgow, aims to create a network of coastal and marine protected areas which supporters say would restore and conserve some 2 million hectares of ocean, capture 100 million tons of carbon dioxide, and secure livelihoods for over 70 million people.

The project spans the continent's west coastfrom Somalia to South Africaand includes the island states of Comoros, Madagascar, Mauritius, Seychelles, Somalia, and the French territories, Mayotte and Reunion.

Jean-Paul Adam, who heads the climate division at the UN, says the blue wall initiative would recognize "the true value the environment has in future wealth creation and empowerment of local communities."

Adam says less than 1% of so-

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Philanthropic Follies

The Wall Street Journal profiles the new book \"The Good Rich and What They Cost Us.\" According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that...more

Financial Aid Information Session Hosted by Kalamazoo Community Foundation
Foundation: Kalamazoo Community Foundation

The Wall Street Journal profiles the new book \"The Good Rich and What They Cost Us.\" According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that...more

As Asian-American Population Grows So Does Philanthropy in the Communities
Foundation: American India Foundation, Korean American Community Foundation

The Chronicle of Philanthropy highlights a New York Times article focusing on the growth of Asian American philanthropy. Asian-Americans who have built fortunes in finance and technology are...more

Mary Kay Foundation Awards Grants

Waypoint Madge Phillips Center Shelter has recently received a $20,000 grant from The Mary Kay Foundation in observation of National Domestic Violence Awareness Month in October. According to Anne...more

Paulding Education Foundation Awards $7,500

Paulding Education Foundation has recently awarded $7,500 to Paulding schools as a result of the foundation\'s School Grant Program. Recipients include South Paulding High School, Austin Middle...more

Make-A-Wish Foundation Crapo Park Walk Fundraiser

The Make-A-Wish Foundation will be holding its big fall fundraiser, a walk around Crapo Park in Burlington to help grant wishes of children with life-threatening illnesses, raising on average $8,600...more