Announced by HSH Prince Albert II during a speech at the National Press Club on global warming and the environment, the effort will complement the foundation's primary focus on three areas: climate change and renewable energies, biodiversity, and water and desertification. In identifying shared policy goals, the two groups anticipate working together to preserve Canada's boreal forest, one of the world's last remaining carbon-rich, old-growth forests. Like other projects the foundation supports in places such as the Mediterranean basin, the polar regions, and least developed countries, the new initiative aims to stop the destruction of the world's oceans and conserve natural resources on land.
"There is much promise to an alliance among our two organizations, as we each have a base in a key continent, expertise, and a history of advancing a strong conservation agenda," said Joshua Reichert, managing director of the D.C.-based Pew Environment Group. "We are enthusiastic about partnering with the Prince Albert II of Monaco Foundation to tackle issues that plague the land and the sea."