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U.S. pledges $40M toward coral reef conservation mongabay.com October 23, 2008 The U.S. will contribute $39.45 million to the Coral Triangle Initiative, an effort that seeks to protect and promote sustainable fisheries in East Timor, Indonesia, Malaysia, Papua New Guinea, the Philippines, and the Solomon Islands. The Coral Triangle, a six million square kilometer (2.3 million square mile) expanse of ocean and coastline, is home to 30 percent of the world's coral reefs, 3,000 species of fish, and three-quarters of the planet's reef-building coral species, according to WWF. The region's bounty supports artisanal fisheries and tourism, but is increasingly at risk from unsustainable fishing practices, pollution, and reef degradation. Climate change could further threaten these marine ecosystems by increasing the incidence of coral bleaching, while rising CO2 emissions are leading to ocean acidification, making it more difficult for many marine organisms to build protective shells and skeletons.
Coral reefs — often termed the rainforests of the sea — are among the world's most biodiverse marine ecosystems. Beyond supporting traditional livelihoods and tourism, reefs buffer coastlines from erosion and storm surge.
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