Waitt Foundation Commits $150 Million for Ocean Conservation

Waitt Foundation Commits $150 Million for Ocean Conservation

The Blue Prosperity Coalition has announced a ten-year, $150 million commitment from the Waitt Foundation in support of ocean conservation efforts.

Launched earlier this year, the coalition is a global network of leading ocean conservation organizations and experts, including the Waitt Institute and Waitt Foundation, National Geographic Pristine Seas, Oceans 5, and Dynamic Planet, committed to working with governments to develop and implement plans that sustainably grow blue economies and support local livelihoods while safeguarding the planet's marine environments. To that end, a major coalition goal is to partner with at least twelve countries to protect at least 30 percent of the world's oceans by 2030. Current government partners include the Azores, Barbuda, Bermuda, Curaçao, the Republic of Maldives, the Federated States of Micronesia, Montserrat, and Tonga. The foundation's commitment will be used to support existing initiatives and secure additional partners.

"The coalition's goal of growing economies while achieving 30 percent marine protection globally is ambitious, as it should be," said Micronesia president David W. Panuelo. "After all, there are no more ambitious stakes than ensuring the next generation can count on oceans that many too often take for granted."

"The oceans are in a crisis; the science is clear," said Waitt Foundation and Waitt Institute founder and chair Ted Waitt. "The time for action is now; it's time to stop talking about it and time to start doing something about it."

(Photo credit: Martin Voeller/GettyImages)