Posted on March 11, 2021 - 12:21pm, by MPA News staff
Dozens of nations have already committed to protecting 30% of their waters by 2030. The UN Convention on Biological Diversity is expected to adopt that same target later this year. With current MPA coverage at 7.65% of the world ocean, a global 30x30 goal would require quadrupling MPA coverage in the next 10 years.
Where will the funding come from for all these new MPAs? MPA finance is already in need of improvement, with many of today’s MPAs suffering from inadequate budget support and income. Improving the financial picture may not be easy. The jargon and tools of the financial sector amount to a foreign language to many MPA managers.