ASIATODAY.ID, BALI – Indonesia has once again demonstrated its leadership in safeguarding the world’s marine ecosystems.
Through the Ministry of Marine Affairs and Fisheries (KKP), the government is pushing for stronger sustainable financing mechanisms to protect the Coral Triangle, the most biodiverse marine region on the planet, which is now under serious threat from climate change, pollution, and overexploitation.
This strategic initiative is part of the implementation of the Regional Plan of Action (RPOA) 2.0 Coral Triangle Initiative on Coral Reefs, Fisheries, and Food Security (CTI-CFF) and supports the targets of the Global Biodiversity Framework 2030.
Driving Innovative Financing Models
The third phase of the Workshop and Knowledge Exchange on Sustainable Financing, held in Jimbaran, Bali, from September 8–12, 2025, produced a series of key recommendations.
“Sustainable financing must be strategically designed to deliver real impacts for environmental sustainability and coastal community welfare,” stressed Koswara, Director General of Marine Spatial Management at KKP and Chair of CSO CTI-CFF.
According to Hendra Yusran Siry, Head of the Indonesian Delegation, innovative financing is the key. Several schemes pioneered by Indonesia, such as the Debt for Nature Swap, Indonesia Coral Reef Bond, Coral Insurance, and Impact Bond, need to be further developed in collaboration with CT6 member countries (Indonesia, Malaysia, the Philippines, Papua New Guinea, Timor-Leste, and the Solomon Islands).
Collective Commitment of CT6 Countries
During the Internal Resources Committee (IRC) Meeting, CT6 member countries reaffirmed the importance of regional collaboration. Discussions covered the operationalization of the CTI-CFF Regional Secretariat, integration of the ATSEA Program into CTI-CFF, and preparations for the 20th Senior Officials Meeting (SOM).
A historic milestone was also marked by the signing of an MoU between the CTI-CFF Regional Secretariat and Rare, opening the door for the development of the CTI Regional Impact Bond. This results-based financing scheme is designed to support sustainable fisheries, protection of endangered species, and climate resilience across the Coral Triangle.
“Safeguarding the Coral Triangle is a shared responsibility, not the burden of a single country. Collective commitment is essential to protect the ocean and ensure food security for future generations,” said Dr. Frank Griffin, Executive Director of the CTI-CFF Regional Secretariat.
Echoing this, Rocky Sanchez Tirona, Executive Director of Fish Forever Rare, emphasized that the partnership would strengthen regional collaboration and advance a shared vision of a healthy, resilient Coral Triangle that sustains coastal communities.
Indonesia’s Blue Economy Vision
Aligned with the policy direction of Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono, KKP remains committed to advancing the Blue Economy through multi-stakeholder collaboration. The vision is clear: a healthy ocean, sustainable development, and prosperous coastal communities. (AT Network)
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