The World Wide Fund for Nature says innovative incentives and increased investment from the private sector are crucial for the long-term health of the Coral Triangle region and the millions of people that depend on the marine environment for their livelihoods.
“We are already seeing some encouraging sustainable and responsible initiatives take hold in Coral Triangle region, particularly in the form of public-private partnerships,” says Dr. Lida Pet-Soede Leader of the Coral Triangle Initiative.
Among the several public-private partnerships recognized at the forum is a multi-stakeholder collaboration between Coop/Bell Seafood of Switzerland, Seafresh of The Netherlands, the Government of Germany, the Philippine Bureau of Fisheries and Aquatic Resources (BFAR), and WWF-Philippines on a project to improve the management of tuna handline fisheries.
“While many business-backed initiatives are showing that there is a way forward, a lot more effort needs to go into assessing food security for the whole Coral Triangle. Action on this front would allow more room for investment and the creation of enabling government policies to address long-term aspects of food security throughout the region. Furthermore, it could inform development and innovation in technology to improve food security where it matters most,” added Dr. Pet-Soede.
Six nations make up the Coral Triangle – Indonesia, Malaysia, Papua New Guinea, Philippines, Solomon Islands and Timor-Leste.