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THE BLUE ECONOMY AND FINANCE | 49

© AMP Tavolara Punta Coda Cavall - SMILO isola di Tavolara

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KEYFACT The 1,215 MPAs cover a surface area of 171,362 km , which is 6.81% of the Mediterranean (mainly in EU waters).
They cover 40% of Posidonia meadows and 33% of coralligenous communities in the Mediterranean.
(source: MAPAMED 2016 database)

PROJECT COMPONENTS

“We need multiple scientific, technical and financial
tools”, explained Romain Renoux, Executive Direc-
tor at MedFund. “We have several opportunities for
investment, as the architecture of this fund allows
sustainable and renewed funding of MPAs”. Sup-
ported by Marie Romani, Executive Secretary at Me-
dPAN, he set out the project roadmap and explained
the expected results: building the capacities of MPA
practitioners and managers, more dynamic regional PROFILE
and international cooperation, technical and financial
support for management... Achievements which will
support the implementation of political commitments ■ The MedFund is an environmental trust fund based in
to Mediterranean MPAs, particularly those made by Monaco which grants sustainable funding to marine
countries which signed the Barcelona Convention. protected areas in the Mediterranean.

■ MedPAN is the network of managers of marine protected
A POLITICAL NOTE areas in the Mediterranean.

■ The Global Environment Facility (GEF) funds are
The chair of MedFund ended the meeting on a politi- made available to developing countries and countries
cal note: “During the One Planet Summit organised in with a transitioning economy to achieve the targets
January 2021 by President Macron, an action plan for of international conventions and agreements on the
the Mediterranean was drawn up for 2030, seeking environment.
protection of 30% of the Mediterranean, including
10% with enhanced environmental protection. This
plan, which should be approved during upcoming in-
ternational events, receives significant support from
this project.”