Swiss Billionaire Pledges $1 Billion Over Next Decade To Save The Earth

Caribbean Marine Protected Areas

Coral reefs, Curacap, Netherlands Antilles
Photo Credit: Wild Horizons/UIG/Getty Images
Photo Credit: Wild Horizons/UIG/Getty Images

The Wyss Campaign has pledged up to $2.9 million to support The Nature Conservancy’s Blue Bonds for Conservation initiative. The Caribbean Sea contains 10% of the world’s coral reefs, and has the greatest concentration of rare marine species in the Western Hemisphere.

Wyss’ donation will go towards establishing protection for these endangered ecosystems and creating a long-term funding stream to ensure that the newly-protected areas are well managed in the future. The donation will also contribute to the reducing and restructuring of their sovereign national debt.