Pacific islands nation Niue sells stakes in ocean to fund conservation
- Niue, a small island nation, is launching a program to protect its vast marine territory from threats such as illegal fishing and plastic waste. Individuals or companies can pay $148 to protect 1 square kilometer of ocean for 20 years, with the goal of raising more than $18 million. The government of Niue will buy sponsorship units for each resident, showing their commitment to ocean conservation.
- Niue's close connection to the sea and reliance on it for livelihood make it imperative to protect the ocean. The island nation is taking the lead in teaching others about the importance of preserving the ocean, as unregulated fishing and plastic pollution can deplete fish stocks and harm marine wildlife.
- The funds raised through the program will be used for the conservation and sustainable development of Niue's marine territory, which is 1,200 times larger than its land mass. Niue acknowledges the need for outside help due to its small size and vulnerability to rising sea levels and intense tropical storms. The Ocean Conservation Commitments program aims to address these challenges and ensure the preservation of Niue's marine ecosystem.
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