Indonesian group plans 'world's 1st' impact bond for manta ray conservation
JAKARTA (Kyodo) -- An Indonesian conservation group is developing what it describes as the world's first results-based financing mechanism dedicated
An Indonesian conservation group, Konservasi Indonesia, is developing the world's first results-based financing mechanism for manta ray conservation, called the Manta Impact Bond. This initiative, in partnership with Conservation International, aims to secure long-term funding to protect the threatened species and support coastal communities.
The bond, set to launch in early 2029 with an initial fundraising target of $5 million, will provide private investors with returns only if conservation targets, such as stable manta populations, are independently verified. Two pilot sites, Raja Ampat Regency in Southwest Papua Province and East Flores Regency in East Nusa Tenggara Province, have been selected for the initiative.
The Manta Impact Bond aims to address threats such as habitat degradation, vessel strikes, pollution, and climate change-related shifts in food availability.
Brief written by urgent.news from The Mainichi's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
