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On March 17th to 28th, Conservation Strategy Fund (CSF), together with the Palau International Coral Reef Center (PICRC), held a training on “Economic Tools for Marine Conservation” at PICRC’s Kedarm Conference Room. CSF is an international non-governmental environmental conservation organization with a mission to sustain natural ecosystems and human communities through strategies powered by conservation economics. It is the leading organization advancing conservation solutions powered by economics. Their trainings, analyses and timely expertise make development smarter, quantify the benefits of nature, and create enduring incentives for conservation.

Twenty-five participants from Palau, FSM, Indonesia and Fiji attended the training. The objective of the training was to provide participants with the economic skills and knowledge that enables them to develop more successful strategies for managing their natural capital and keep marine resources so that they can continue to deliver benefits for both current and future generations. According to Ms. Mingrang Kloulechad, PICRC’s business manager, PICRC is delighted with its partnership with CSF, so that the important topic conservation economics can be highlighted. Instructors for the course were drawn from experts all over the world, including staff from CSF, Harvard University, University of British Columbia, Office of Environment and Heritage, Betty and Gordon Moore Center for Science and Oceans, Secretariat of the Pacific Community (SPC) and Geosciences (SOPAC).
This training highlights PICRC’s efforts in collaborating with partners and other organizations to provide necessary tools to support effective management and sustainable use of coastal resources and conservation. PICRC’s mission is to be an international Center of Excellence to support conservation and management for the perpetuation of marine and associated environments through research and education that is significant to Palau and relevant to the world.