The island nation hopes to raise more than $18 million from the scheme by selling 127,000 square-kilometre units, representing 40 percent of its waters.
The tiny Pacific island nation of Niue has come up with a novel plan to protect its vast and pristine territorial waters — it will get sponsors to pay.
Niue is also especially vulnerable to rising sea levels threatening its land and freshwater, and the island is at risk of more intense tropical storms charged by warmer air and waters. “Niue is just one island in the middle of the big blue ocean,” Tagelagi said. “We are surrounded by the ocean, and we live off the ocean. That's our livelihood.”
“Because of all the illegal fishing and all the other activities at the moment, we thought that we should be taking the lead, to teach others that we've got to protect the ocean,” Tagelagi said.It's one of the smallest countries in the world, dwarfed by an ocean territory 1,200 times larger than its land mass.
Maël Imirizaldu, marine biologist and regional leader with Conservation International and the Blue Nature Alliance, said one problem with the conventional approach to ocean conservation funding was the need for places like Niue to constantly seek new funding on a project by project basis.
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