Funding - Capacity Building and transfer of marine technology
Suggestion 1: Innovative financing[edit | edit source]
Provision allowing for innovative financing methods to be considered under the new agreement in relation to capacity building and technology transfer.
Notes: In addition to traditional donor models such as multilateral institutions and funds, innovative financing will be needed to support international cooperation, development of technologies and collaborative research.
Suggestion 2: Voluntary payments by ocean users[edit | edit source]
Provision to allow for voluntary payments to be made by ocean users, for instance taking into account their carbon footprints as a means to support ocean conservation efforts.
Suggestion 3: Global fund[edit | edit source]
Establish global fund to support capacity building projects related to sustainable use of marine biodiversity in ABNJ.
Suggestion 4: Existing fund[edit | edit source]
Use existing fund such as GEF to support capacity building.