Bloomberg Philanthropies, Tiffany & Co. Foundation and Others Partner to Launch '50 Reefs' Global Initiative to Protect Critical Ecosystem
Bloomberg Philanthropies, in partnership with the Paul G. Allen Family Foundation, Tiffany & Co. Foundation, Australian nonprofit Ocean Agency, and the Global Change Institute at the University of Queensland, has announced the launch of a global initiative aimed at saving coral reefs threatened by climate change, pollution, and overfishing.
With a phase-one budget of $2 million, the 50 Reefs initiative will bring together many of the world's leading ocean, climate, and marine scientists and conservation practitioners to develop a list of the fifty coral reefs most in need of protection. Building on the work of Ocean Agency and the Global Change Institute, which have conducted a comprehensive global survey of coral reefs and coral bleaching (in partnership with Google and XL Catlin), the initiative will work to identify reefs that have the best chance of surviving climate change and contribute to the recovery of coral reef ecosystems once global temperatures have stabilized...