New Ocean Finance

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    We have focused the last few World Ocean Radio episodes on the value of ecosystems, how we assess, monetize and protect with new practices that are constructive and sustainable. How do we move forward? This week we are discussing potential approaches that include protection of resources and new regulations against abuse and irresponsible consumption, and we propose expanding the Global Environment Facility (GEF), a multi-lateral trust fund, to include a new ocean sustainability bank that incentivizes change and lends funds based on sustainability principles and a new definition of return on investment.

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About World Ocean Radio
Peter Neill, Director of the World Ocean Observatory and host of World Ocean Radio, provides coverage of a broad spectrum of ocean issues from science and education to advocacy and exemplary projects. World Ocean Radio is a weekly series of five-minute audio essays available for syndicated use at no cost by college and community radio stations worldwide.

Resources
Global Environment Facility (GEF)
thegef.org

The Public Trust Doctrine (Nature's Trust)
jstor.org/stable/24785947

Rights of Nature Doctrine
celdf.org/rights-of-nature

Image Credit
Thomas Horig / Ocean Image Bank