Project Report:
Walker Foundation Pre-Proposal
Purpose
- Investigates the causes of economic imbalances.
- Explores and develops market-based solutions.

Summary

OneReef works to develop efficient, sustainable financing opportunities for Micronesian communities that want to protect their coral reefs. In the face of climate change, we work with private and public entities to capture “willingness to pay” (WTP) for conservation, and create long-term management partnerships with committed local communities to build scientific, enforcement, and community engagement programs to protect coral reefs. In Palau, we are creating a financing opportunity that leverages public funds, e.g. the “Green Fee,” with private philanthropy to support such long-term conservation projects. This financing model can provide benefits far into the future, and inspire nearby nations to create similar conservation structures to protect their valuable marine resources.

Purpose

(1) Investigate the causes of economic imbalances


The project specifically works with communities to create contracts that protect marine resources while mitigating the effects of climate change on coral reef habitats. OneReef will connect government “Green Fee” resources, which are explicitly designated for the protection of coral ecosystems, with communities that have demonstrated commitment but lack funding to sustainably leverage investments.


(2) Explore and develop market-based solutions


If successful, OneReef will establish a public private partnership solution to funding coral reef preservation, creating a self-sustaining source of funds for MCA development.

Scope

OneReef works with communities, non-governmental organizations, and government entities across several Micronesia nations, including the Republic of Palau and the Federated States of Micronesia (FSM). Palau is an especially prominent conservation leader in the Pacific, and it has set new standards for widespread coral reef protection by designating its entire marine territory as a protected area. We now have the opportunity to explore how a successful public-private partnership can support long-term conservation and increase associated economic benefits. We believe this represents a unique opportunity to demonstrate how conservation pays, and create a ripple effect across the Asia-Pacific.

Amount Approved
$20,000.00 on 8/9/2017 (Check sent: 8/21/2017)



Address
114 Oak Knoll Drive
Santa Cruz, CA 95060


Phone
(415) 602-7302
(408) 8381407

Contacts


Liz Parissenti
US Program Manager, OneReef

Posted 5/31/2017 7:44 PM
Updated   9/17/2017 11:38 AM



 
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