Nations pledge to raise $12B to save coral reefs hit by climate crisis

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The 'Coral Reef Breakthrough' includes a pledge to double the area of coral reefs under protection from the current estimate of around 60,000 square kilometres.

This underwater photograph taken on September 24, 2023 shows a sea turtle swimming among dead corals of a reef in Baa Atoll in Maldives. Photo: Mladen Antonov/AFP

It includes a pledge to double the area of coral reefs under protection from the current estimate of around 60,000 square kilometres , and restore some 10,500 sq km. Still, that figure compares with the estimated $174.5 billion a year that a 2020 study estimated was needed to plug the gap in funding for ocean conservation more broadly.The pledge comes with coral reefs around the world under particularly acute stress because of record warm seas this year.

This excess heat continues to accumulate as greenhouse gases build up in the Earth's atmosphere, mainly from burning oil, gas and coal.

 

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