Overview of Ocean Conservation Credit
An Ocean Conservation Credit (OCC) is an innovative financing mechanism that funds the protection of 1 km² of Niue’s ocean waters for 20 years, as well as the development of Niue’s broader natural environment and blue economy.
Sponsorship of one OCC costs NZD $250, which enables sponsors to become direct contributors to Niue’s marine conservation, climate resilience and sustainable development efforts
Funds raised from OCCs go towards
of NOW Trust endowment
for blue economy conservation-related activities
NOW Trust and OCCs are in final stages of development, with launch of NOW Trust and OCCs expected in early 2023. Accordingly, all information regarding the NOW Trust and OCCs provided at this point should be considered provisional and may be subject to some changes. The NOW Project and public private partnership, which has been successfully operating for the past 7 years, will continue to operate until it fully transitions to the NOW Trust in early 2023.
An ocean conservation credit is...
An innovative mechanism valuing Niue's existing contribution to and continued investments into the appreciation of global natural capital, enhancing ecological, socioeconomic and cultural values
Legal assurance that funds will strictly be used for ocean protection, marine conservation, climate resilience, and related sustainable development
An enabler of increased, standardized monitoring & reporting on Niue's conservation activity & impact
A democratization of conservation finance providing the opportcredity to directly support projects more accessible to a wide range of buyers
A catalyst that lays foundation for other SIDS and establish independent, long-term, holistic, country and commcredity-driven conservation strategies
An OCC is not…
A financial product that will provide financial value or returns to the buyer
A tradeable product that can be purchased and resold to another buyer
A legal document that represents ownership or claims over 1 km of ocean real estate in Niue
An offset to be used like carbon credits, enabling a netzero target or requiring a verification process following international standards
A guarantee of specific impacts (beyond conservation action as described by the prospectus)
What will I receive as an OCC sponsor?
OCC sponsors will receive a certificate that verifies your acquisition and subsequent retirement of OCCs. This certificate will be accessible and downloadable via your personal buyer profile page on the NOW Trust website and can be printed for display.
OCC sponsors and other NOW Trust donors will also receive annual reports and impact stories that highlight the range of conservation and sustainable development outcomes.
MRV OF MOANA MAHU
For OCC sponsors that opt in to list their name in our public ledger, they can directly tie their OCC contribution to sustainability commitments, climate finance goals and policy objectives.
When will I be able to sponsor an OCC?
Formal launch of OCCs will occur in early 2023 with sponsorship of OCCs directly available through this website. Sign up here to receive updates and notifications for launch
Major corporates, philanthropies and bilateral partners can reach out directly to firstname.lastname@example.org to learn more about OCCs and how to become a part of Niue’s ocean narrative.
How much does sponsorship of an OCC cost?
Sponsorship of one OCC costs NZD $250 and represents the direct cost and value added for 1 km² of Niue’s marine protected oceans over 20 years.
Annual price for one OCC, representing cost and value of conservation for 1 km² of ocean, is NZD $12.50
The total price of one OCC is $250 and represents 20 years of protection for 1 km² of ocean
The size of Niue’s Moana Mahu LSMPA is 127,000 km², creating 127,000 OCCs available for sponsorship. In addition to direct contributions and partnerships, the sponsorship of OCCs will enable Niue to raise the $32M required for the NOW Trust endowment