NOW trust will support 4 main areas of conservation, resilience and sustainable development actions in Niue
Enhanced ocean compliance and management capabilities
through integration of local villages in enhanced monitoring and protection efforts for Niue’s ocean.
Sustainability, climate resilience and risk reduction for Niue’s blue economy to ensure conservation efforts are durable in the long-term through financing and supporting.
Building local capacity for conservation and sustainable development including the institutionalization of NOW Trust activities.
Opportunity cost mitigation to alleviate economic impact of conservation efforts.
NOW Trust’s sustainable funding
strategy
NOW Trust, which includes a sinking fund and an endowment, forms the heart of Niue’s sustainable funding mechanism.
By leveraging OCCs and other contributions from bilateral, corporate, philanthropic and individual sponsors, the NOW trust provides sustainable funding to support enhanced enforcement and management capabilities; sustainability, climate resilience, and risk reduction; opportunity cost mitigation; and incremental capability building for conservation and sustainable development.
NOW Trust aims to establish a NZD 32 million (USD $18M) endowment, which will directly fund annual investment in ongoing robust conservation, resilience and a sustainable blue economy.