Philippines to host 2010 Coral Triangle Business Summit

The Philippine Government and WWF will be organising a Coral Triangle summit from January 18 to 21, 2010, in Manila to debate how to protect the world’s most diverse marine environment.

The Coral Triangle covers one percent of the Earth’s surface but houses 30 percent of the world’s coral reefs, 76 percent of its reef building coral species and spawning grounds for tuna.

The region also sustains the livelihoods of some 120 million people.

“This business summit will contribute to the pursuit of sustainable business development and investment,” Fishnewseu.com quoted Manuel Georchi, Philippine Undersecretary of the Department of Environment and Natural Resrouces, as saying.

“Putting new economic growth on a sustainable path requires courage, innovation, partnership… and access to credit, finance and investment, which are often major barriers to progress,” added Dr Lida Pet-Soede, WWF Coral Triangle Programme Leader.

“The Coral Triangle Business Summit is intended to help businesses reap market rewards through responsible stewardship of the marine environment.”
 

Source: Baird Maritime