The International Coral Reef Initiative (ICRI) said it would secure public and private investment to help conserve and restore coral ecosystems.
International Coral Reef Initiative was launched in 1994 by Australia, France, Japan, Jamaica, the Philippines, Sweden, Britain and the United States.
Its members now include 45 countries that represent three quarters of the world’s coral reefs.
India is also a member country of this initiative.
It is a global partnership between Nations and organizations which strives to preserve coral reefs and related ecosystems around the world.
Its decisions are not binding on its members.
The work of ICRI is regularly acknowledged in United Nations documents, highlighting the Initiative’s important cooperation, collaboration and advocacy role within the international arena. Objectives
Encourage the adoption of best practice in sustainable management of coral reefs and associated ecosystems
Build capacity
Raise awareness at all levels on the plight of coral reefs around the world.