From words to actions - implementing financial mechanisms for conservation needs in the Mediterranean

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Innovation is at the order of the day in funding conservation in the Mediterranean. Today the fundraising model based on submitting project proposals to donors is only a fraction of the multitude of mechanisms being created to mobilize resources. This session will bring a new perspective on today’s mobilisation of resources in the region.

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There are plenty of theories about how financial mechanisms can be used to leverage funds for conservation but very few examples of practice on the ground. This session will hear from three speakers who have dared to move from words to actions and have put in place, or are in the process of implementing, innovative financial mechanisms. We will learn from the Posidonia Fund set up by the Balearic Government to support seagrass conservation, the Sebou Water Fund to restore river basins in Morocco and the BlueSeeds programme to support and encourage Mediterranean MPAs to implement financial mechanisms like visitor fees. This session will be an opportunity to learn about the successes and challenges that these pioneers have faced when implementing and running these innovative schemes