CORAL TRIANGLE CURRENTS
SEPTEMBER 2013
Value of Coral Triangle Reefs' Fisheries Estimated at                US$ 3 Billion

A new study estimates that reef fishes in the Coral Triangle are worth $3 billion, comprising 30% of the total value of commercial fisheries in the region, based on datasets gathered from the Food and Agriculture Organization.

This figure is probably an underestimate and does not include the value of small reef fish species eaten by tunas, estimated at $150 million. The study also estimates that coral reef ecosystems in the region support employment of about 15 million small-scale fishers.
The study, called The Economics of Fisheries and Aquaculture in the Coral Triangle, was commissioned by the Asian Development Bank (ADB) and co-financed by the Global Environment Facility (GEF) and the Australian Agency for International Development to estimate the cost needed to protect and conserve the Coral Triangle ecosystems.

More than 2,500 species of reef fish can be found in the Coral Triangle area, an eco-region which includes Malaysia, Indonesia, the Philippines, Timor-Leste, Papua New Guinea, and the Solomon Islands-collectively known as the CT6. One of the unique features of the fisheries in the CT6 is its high biological diversity and wealth of marine resources that are locally exploited for commercial purpose and subsistence.  MORE 
Aquaculture as a solution to food security and livelihoods in the Coral Triangle

 
The WWF Coral Triangle Programme recently came out with a discussion paper  on how aquaculture, if managed well and responsibly, can provide clear solutions for food and livelihood security issues in the Coral Triangle region.

The discussion paper, titled Sustainable Aquaculture as a Solution for Food and Livelihood Security in the Coral Triangle: Recommendations for Strategic Investment, provides an in-depth look at the rapid expansion of the aquaculture industry in the Asian part of the Coral Triangle region and its significance to food and livelihoods, recognizing the industry as an increasingly significant component of the region's economy and a vital source of daily protein needs for people and communities in this part of the world.

In addition, the paper highlights the numerous environmental and socio-cultural impacts of aquaculture to the Coral Triangle's fragile marine ecosystems and more importantly, provides recommendations and solutions to help transform this industry into a more responsible one, capable of addressing the growing food and livelihood needs of this region.  MORE
Fisheries in the Coral Triangle are Vitally Important: Report

The coastal fisheries resources in the Coral Triangle provide food, sustain income, and fuel trade and enterprise for more than 373 million people living in the six countries of Malaysia, Indonesia, the Philippines, Timor-Leste, Papua New Guinea, and the Solomon Islands-collectively known as the CT6.

This is according to the recently completed report on The Economics of Fisheries and Aquaculture in the Coral Triangle (EFACT) commissioned by the Asian Development Bank (ADB) as part of the Regional Technical Assistance for Regional Cooperation in Knowledge Management, Policy and Institutional Support to the Coral Triangle Initiative.

The study estimates that in 2010, the CT6 contributed 11.3% (19.1 million tons) to global capture fisheries and aquaculture production. The 69% of production comprised by food fish represents 10% of the global food supply. MORE
Highlights
Aquaculture as a solution to food security and livelihoods in the Coral Triangle
Fisheries in the Coral Triangle are Vitally Important: Report

 MULTIMEDIA

Coral Triangle Knowledge Network Website








The Coral Triangle Knowledge
Network website www.ctknetwork.org is  an online knowledge hub that creates and shares knowledge relevant for effective decision making among policy makers in the Coral Triangle. It focuses on interaction among Coral Triangle stakeholders, raises awareness about the region, provides decision support tools, and best practices in coastal and marine resources management. The website is supported by the Asian Development Bank.

IMAX Documentary Features the Coral Triangle



A new IMAX documentary movie called Journey to the South Pacific takes viewers to the one of the most important marine environment's in the world in Indonesia's West Papua Island.

It features outstanding underwater footages as well as the work of Conservation International's MV Kalabia, a floating marine conservation school. It highlights the importance of living in balance with the ocean.

The movie is narrated by Cate Blanchett and will be out in theaters beginning November 27, 2013.

For more information on the CTI-CFF, contact:   

Dr. Hendra Siry
Secretary for Coordination and External Affairs
CTI-CFF Interim Regional Secretariat
Mina Bahari II Bldg, 17th Fl.
Ministry of Marine Affairs and Fisheries
Jl. Medan Merdeka Timur, Jakarta 10110
Email: hendrasiry@gmail.com
Website: www.coraltriangleinitiative.org

      
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