Jakarta, June 15 -- The Indonesian delegation introduced the world's first conservation area funding innovation at the Third United Nations Ocean Conference (UNOC-3) 2025 in Nice, France, as an effort to maintain marine sustainability through a sustainable financing scheme.

"Indonesia introduced the newest marine funding innovation through a side event entitled Indonesia Coral Reef Bond: The World's First Outcome Bond for Marine Protected Area and Its Underlying Strategic Activities," Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono said in a statement on Saturday.

The side event took place at the UNOC event on June 9-13, in France.

According to him, this initiative is a concrete step towards the target of 30 percent of m...