David Clode, Unsplash
Conservation International Ventures gets $1.5M grant from Coca-Cola Foundation to launch new climate resilience project
Technode Global Staff
The duo said in a statement that through a $1.5 million grant, the project will create a dedicated investment pool in CI Ventures philanthropy fund, financing up to three to four small and medium sized enterprises (SMEs).
According to the statement, the investment will go towards businesses that support local communities and mangrove protection such as crab cultivation or wild shellfish harvesting.
It is noted that globally, protecting mangrove areas against coastal flooding is estimated to help save more than $80 billion in losses annually, and could impact around 18 million people worldwide.
Read the full article here.
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