An ingenious proposal for scaling up marine protection | Mark Tercek

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4.1 • 11.9K Ratings

🗓️ 8 June 2019

⏱️ 5 minutes

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Summary

Island and coastal nations need to protect their waters in order for our oceans to stay healthy. But they often have lots of debt and aren't able to prioritize ocean protection over other needs. Mark Tercek and his team at The Nature Conservancy see a way to solve both problems at once: buying a nation's debt at a discount and restructuring it to give them lower payments, in exchange for the government's commitment to protect its coastal areas. Learn more about how "Blue Bonds for Conservation" work -- and how you can help unlock billions of dollars for the oceans. This ambitious plan is a part of the Audacious Project, TED's initiative to inspire and fund global change. (Voiced by Ladan Wise)

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Transcript

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0:00.0	Happy World Oceans Day.
0:02.9	Okay, so you're about to hear something a little different from the Nature Conservancy.
0:07.3	This ambitious idea is part of the Audacious Project.
0:10.9	It's TED's initiative to inspire and fund global change.
0:15.1	Learn more at audaciousproject.org.
0:19.8	Earth's oceans.
0:21.6	They're beautiful, inspiring, life-sustaining.
0:25.2	They are also, as you're probably quite aware, more or less screwed.
0:29.4	In the Seychelles, for example, human activities and climate change have left corals bleached.
0:34.5	Overfishing has caused fish stocks to plummet, biodiversity is in peril. So what can we do?
0:40.1	Well, some form of protection, obviously. Nature is very resilient. When marine areas are
0:45.5	strategically protected, entire ecosystems can bounce back. However, creating marine protected areas
0:51.3	isn't easy. First, you have the issue of figuring out where to protect.
0:55.1	This coral reef overlaps with that international fishing route intersects with this fish hatchery.
1:00.4	Everything is interconnected. And marine protection plans must take into account how one area
1:05.2	affects another. Then there's the issue of getting everyone on board. Coastal economies
1:09.4	often rely on fishing and tourism. If people think they can't do their work, there's no chance of getting everyone on board. Coastal economies often rely on fishing and tourism.
1:11.8	If people think they can't do their work, there's no chance of getting the local buy-in
1:15.6	you need for the area to be successful. Marine protected areas must also be enforced. That means
1:21.1	the government itself must be deeply invested in the plan. Token support will not cut it. And finally,
1:26.9	conservation requires money, a lot of it.
1:29.4	Governments in island and coastal nations may want to protect their waters, but often
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