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Manta Rays Get Financial Lifeline: World's First Impact Bond
23 Oct
Summary
- World's first results-based financing for manta rays launching soon.
- Initiative aims for $5 million in funding over 20 years.
- Investors are paid only if conservation targets are met.
Indonesia is pioneering the world's first results-based financing mechanism specifically for manta ray conservation, named the Manta Impact Bond. Developed by Konservasi Indonesia in partnership with Conservation International, it is slated for a 2029 launch with an initial fundraising goal of $5 million over 20 years.
This novel approach invites private investors to fund conservation activities, with their returns tied to verified conservation outcomes like stable manta populations. Two pilot sites, Raja Ampat and East Flores, have been chosen for their significant manta ray populations and conservation needs.
Manta rays face threats from targeted fishing for gill plates, accidental bycatch, habitat degradation, and climate change. Previous conservation successes in East Flores, though significant, struggled with financial sustainability, highlighting the need for long-term, integrated support.
The Manta Impact Bond, inspired by South Africa's Rhino Bond, aims to attract philanthropic institutions, family offices, and development finance institutions. Unlike tradable bonds, funds will be channeled directly to implementers, with investors repaid principal and returns only after conservation targets are independently verified.
