Fish swim near recovering coral reefs after bleaching in December 2023 due to extreme weather in Bali, Indonesia, on June 20.
The agreement is the fourth “debt-for-nature” swop the two countries have struck since 2009 and is expected to fund at least 15 years of conservation work in two key areas of what is known as the Coral Triangle. “These two regions are both at the epicentre of biodiversity,” said Mr Alexandre Portnoi, a legal adviser with Conservation International who helped organise the deal.
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