5 African nations pursue joint "debt-for-nature" swap to raise $2B for Indian Ocean coral conservation, protecting 2M hectares by 2030.

At least five African nations are pursuing the world's first joint "debt-for-nature" swap to raise $2 billion for conserving the Indian Ocean's coral-rich ecosystems. This initiative aims to protect and restore 2 million hectares of ocean by 2030, benefiting approximately 70 million coastal residents. Supported by the U.S. and UK, the plan marks a significant step in collaborative environmental protection and is linked to upcoming global talks in Colombia.

September 26, 2024
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