The Widi Reserve, a coral atoll archipelago for sale in Indonesia.The development rights to an entire Indonesian archipelago with more than 100 tropical islands is set to be auctioned next week, sparking concerns for the environmental impact on what Sotheby’s described as “one of the most intact coral atoll ecosystems left on Earth”.
The auction has prompted concerns among some conservationists who say the development could cut off local communities and threaten its ecosystems, which feature rainforests, mangroves, lagoons, lakes and coral reefs that are home to vast marine life. “Fishing spots for fishermen that have been used for generations will be limited,” he said. “The social impact of this plan will offset the environmental benefits. Currently, the government is aggressively attracting foreign investment to obtain state revenue. No rules should be changed to pass this plan.”
Asked about the environmental concerns, Charlie Smith, Sotheby’s Concierge Auctions’ executive vice-president, told the Guardian via email that development firm LII would be “actively involved, not just handing over the entire project”. Like similar ecosystems, “the reserve has long been under pressure from shark finning, deforestation and the poaching of endangered species; left untouched the pressure on the reserve will only continue, and likely increase,” he said, adding that the business sector had “a vital role to play”.
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