Capital Azul (Chile)
Chile is among the ten most underfunded countries for biodiversity conservation and less than 1% of its vast coastline is formally protected. Leveraging small-scale fishing organizations’ ability to legally hold exclusive access rights to near shore areas, and anticipating a pending biodiversity offset policy, Capital Azul is establishing voluntary marine coastal reserves that are:
1) community enforced
2) independently certified and monitored
3) providing benefits to the community
4) potentially financed with biodiversity offsets and other conservation finance mechanisms.
This project will explore the potential long-term financing options for these locally-managed marine refuges in coastal Chile.
Link: https://capitalazul.com/