Cayo Scoop! The Ecology of Cayo Culture

Belize will be one of the first countries to implement a debt relief strategy by preserving the reef.  Belize will increase its Biodiversity Protection Zones from the current 15.9% of ocean area to 30% by 2026, and in return, will have around $200 million of its debt paid off.  Great idea!

"Belize provided a likely 'blue' model for conserving some of the world's most vulnerable marine ecosystems on Friday, swapping a promise to protect the northern Hemisphere's biggest barrier reef for much-needed debt relief.

While urgent efforts to limit global warming are expected to see at least half a trillion dollars of 'green' bonds this year, 'blue' bonds are still in their infancy, despite estimates that oceans contribute around $3 trillion per year to global GDP."