Abu Dhabi’s Mubadala announces $1.5m annual funding for conservation

  • Date: 22-Apr-2021
  • Source: Gulf Business
  • Sector:Financial Markets
  • Country:UAE
  • Who else needs to know?

Abu Dhabi’s Mubadala announces $1.5m annual funding for conservation

Abu Dhabi-based sovereign investor Mubadala has announced a $1.5m annual grant to the Mohamed bin Zayed Species Conservation Fund (MBZ Fund) to support conservation initiatives around the world.

The funds will go towards supporting endangered flora and fauna in Africa and Asia, with a focus on countries where Mubadala has portfolio companies including Guinea, Indonesia, Thailand.

In Guinea, funds will be directed to preserving endangered marine species including critically endangered marine turtles, the Atlantic humpbacked dolphin (Sousa teuszii), and the African manatee (Trichechus senegalensis).

Read: Abu Dhabi summit: Regional leaders pledge to accelerate progress on climate action

In Indonesia, funds will go towards supporting the marine ecosystem, in particular coral reefs and seagrass in the Makasaar Strait, as well as terrestrial ecosystems through wildcat conservation in Aceh Province. In Thailand, the support will focus on migratory wading birds – in particular the Spotted greenshank (Tringa guttifer), and their mud-flat and mangrove habitats in the northern Gulf of Thailand, and the Smooth-coated otter (Lutrogale perspicillata), as well as other freshwater species located at Kaeng Krachan National Park.

“This new partnership will further strengthen our existing community investment programs and help our efforts to address critical issues such as biodiversity and species conservation, which is