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42<br />

Regional initiatives<br />

Often referred to as<br />

<strong>the</strong> “Amazon of <strong>the</strong><br />

Seas”, <strong>the</strong> Coral Triangle<br />

is <strong>the</strong> planet’s richest<br />

center of marine life<br />

and coral reef diversity,<br />

covering a vast<br />

area of ocean that<br />

spans Indonesia,<br />

Malaysia, <strong>the</strong><br />

Philippines, Papua<br />

New Guinea, Solomon<br />

Islands, and<br />

Timor-Leste<br />

Maintaining natural capital through better governance,<br />

natural resource management and proper investment<br />

can help ensure that natural resources in <strong>the</strong> Asia<br />

and Pacific region are used sustainably, and that <strong>the</strong><br />

ecosystem services essential to billions of people are<br />

not compromised.<br />

Maintaining natural capital will also allow a greater share of <strong>the</strong><br />

economic benefit of natural resources to remain within <strong>the</strong> regional<br />

economy, helping to alleviate poverty at <strong>the</strong> local, national, and regional<br />

levels (Turner et al. 2012). Fur<strong>the</strong>rmore, investment and equitable<br />

natural resource governance will help build <strong>the</strong> economic, social and<br />

ecological resilience that will be needed to help <strong>the</strong> region withstand <strong>the</strong><br />

impacts of climate change.<br />

ADB, WWF, and o<strong>the</strong>r partners are supporting Asia and <strong>the</strong> Pacific<br />

countries as <strong>the</strong>y cooperate on a regional level to manage <strong>the</strong>ir natural<br />

resources and invest in natural capital. This section showcases major<br />

initiatives in four regions that demonstrate how cooperative action to<br />

improve <strong>the</strong> management of natural resources and ecosystems can make<br />

a difference.<br />

<strong>the</strong> heARt oF BoRneo<br />

Straddling parts of Brunei Darussalam, Indonesia, and Malaysia, <strong>the</strong><br />

Heart of Borneo contains <strong>the</strong> largest remaining rainforest in Asia, with<br />

a rich array of diverse natural habitats and huge carbon stocks. With one<br />

conservation vision, <strong>the</strong> three countries agreed under <strong>the</strong> joint Heart of<br />

Borneo Initiative (HoB), to cooperate to promote people’s welfare, and<br />

to improve <strong>the</strong> management of forest resources and <strong>the</strong> conservation of<br />

a network of protected areas, productive forests and o<strong>the</strong>r sustainable<br />

land-uses. Through regional, national and sub-national actions<br />

plans and partnerships, various approaches are being developed and<br />

implemented, including facilitation of multi-stakeholder dialogues,<br />

expansion of protected areas, mobilization of sustainable financing and<br />

introduction of sustainable business practices.<br />

<strong>the</strong> CoRAL tRIAngLe<br />

Often referred to as <strong>the</strong> “Amazon of <strong>the</strong> Seas”, <strong>the</strong> Coral Triangle is <strong>the</strong><br />

planet’s richest center of marine life and coral reef diversity, covering<br />

a vast area of ocean that spans Indonesia, Malaysia, <strong>the</strong> Philippines,<br />

Papua New Guinea, Solomon Islands, and Timor-Leste. United in <strong>the</strong>ir

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