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UN backs effort to safeguard Red Sea reefs
The article pertains to the initiative supported by the United Nations to protect coral reefs in the Red Sea through the establishment of an Egyptian fund dedicated to financing the sustainable conservation and restoration of these sensitive ecosystems. The initiative focuses on developing a long-term financial framework that includes grants and investments to attract the private sector, with the aim of enhancing the resilience of the reefs against climate change and human pressures. The protection fund serves as an important tool for preserving marine biodiversity, which is directly linked to tourism and the local economy in the region. Its goal is to ensure sustainable funding and expand related projects. The article also emphasizes the importance of shifting the concept from temporary protection to sustainable protection and investment, with clear standards and effective governance to ensure continuous financing and a balance between environmental and economic objectives.
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