Aither is working with the World Bank and project partners to assist Seychelles develop strategies for large-scale coral reef restoration to improve coastal resilience. In close collaboration with our project partners BMT, UniSey Blue Economy Research Institute, Marine Conservation Society Seychelles, WiseOceans and University of Queensland, Aither is providing economics, business case and financing advice to support this significant project.
Coral reefs provide important ecosystem services and are under threat globally from climate change and other anthropogenic pressures. In Seychelles, coral reefs provide coastal protection, habitat for a range of marine species and in turn support the tourism and fisheries industries, which constitute a large proportion of Seychelles’ economy.
This project builds on prior work in Seychelles, and internationally, on innovative business models and financing mechanisms (such as the Seychelles Debt-for-Nature Swap and Quintana Roo reef insurance) to support conservation and the restoration of critical ecosystems. Aither’s vision is to inspire and enable positive change in the management of natural resources – this high impact project will support positive outcomes for ecosystems and communities, locally and globally.