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The Phoenix Islands Protected Area (PIPA) Conservation Trust announced the initial capitalization of its trust fund, which will provide ongoing support for Kiribati’s 408,250 square kilometer marine protected area (MPA), the world’s largest Unesco World Heritage Site.
The funds were received in two contributions of USD 2.5 million each from the Republic of Kiribati and the nonprofit organization Conservation International (CI).
The release of these two gifts also marks CI and partners’ commitment to the actions of the Clinton Global Initiative (CGI) in the Phoenix Islands. CGI convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges.
This endowment for PIPA supports the long-term success of the California-size, multi-use protected area that sustains Kiribati’s people and hosts some of the world’s most pristine coral reefs.
In Support of PIPA, Dr. Sylvia Earle, Oceanographer, Founder of Mission Blue and Explorer in Residence at National Geographic, said: “The growth of the endowment for the Phoenix Islands Protected Area Trust will ensure that this special ecosystem will eventually be 100% protected and as planned that the people of Kiribati will be financially sound. President Tong and his government are making strides in ecosystem investment and habitat protection that no other leader of any nation its size, or in its economic position, has undertaken."