Conservation Trust Funds in the Mediterranean

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What can conservation trust funds (CTF) offer to finance environmental issues? Why is this mechanism rarely used? Is there room for broader application? Reps of the two main CTF will debate the issues, followed by the launch by Prince Albert II of Monaco of the Highly Protected Mediterranean Initiative of the MedFund supported by MAVA Foundation

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This session features two components: A panel discussion on Conservation Trust Funds, and the launch of a new initiative within the MedFund, an existing CTF. Panel discussion: In the Mediterranean, application of trust funds to environmental issues is recent and rare. The discussion will address how CTF can provide for long-term financing of Mediterranean conservation actions, and how can they contribute to financing at scale. Panelists are experts with first-hand experience in The MedFund, a regional mechanism promoting the management effectiveness of marine protected areas, and the Prespa Ohrid Nature Trust, focusing on conservation and sustainable development in a transboundary lake basin of the Balkans. Launch of the Highly Protected Mediterranean Initiative by the Prince Albert II of Monaco: This initiative promotes Highly Protected Areas by demonstrating their ecological and socioeconomic benefits and supporting their financial sustainability