{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Seychelles protects its marine life in exchange for debt relief' data-url='/boclips/videos/5c54d734d8eafeecae209e99' data-video-url='/boclips/videos/5c54d734d8eafeecae209e99' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nSeychelles protects its marine life in exchange for debt relief\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eLEADIN:              The tiny island nation of Seychelles has announced details of a pioneering marine conservation plan as part of a debt-swap deal with its creditors.               In a first-of-its-kind deal, the Seychelles is...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eLEADIN:\u003cbr/\u003e              The tiny island nation of Seychelles has announced details of a pioneering marine conservation plan as part of a debt-swap deal with its creditors. \u003cbr/\u003e              In a first-of-its-kind deal, the Seychelles is designating nearly a third of its ocean waters as protected areas, aiming to ensure the longevity of its pristine marine environments and unique biodiversity. \u003cbr/\u003e              STORYLINE:\u003cbr/\u003e              Deep blue waters, miles of white sandy beaches, rich marine life and lush, thick forests.\u003cbr/\u003e              If there was a place on earth close to our traditional idea of paradise, that would be the Seychelles.\u003cbr/\u003e              Fewer than 100 thousand people live on these Indian Ocean islands.\u003cbr/\u003e              Land mass makes up only one percent of the nation's vast ocean territory. \u003cbr/\u003e              The archipelago consisting of 115 granitic and coral islands has been isolated from continental land masses for millions of years. \u003cbr/\u003e              On its Aldabra atoll, the second biggest coral atoll in the world and a UNESCO world heritage site, endemic life has evolved undisturbed. \u003cbr/\u003e              The remote atoll is home to the world's largest population of giant tortoises, critically endangered dungongs and spawning grounds for a number of rare species. \u003cbr/\u003e              The Seychellois government has now signed a bill restricting nearly all human activity in the waters around Aldabra. \u003cbr/\u003e              The country's minister of environment, energy and climate change, Didier Dogley, welcomed the bill in a ceremony attended by top marine economists and conservation experts.  \u003cbr/\u003e              \"A great honour and privilege for me today to sign the regulations of the Marine Spatial Plan Phase 1 into law. With the signature and gazetting of the legal instruments an area of 74,400 square kilometres around Aldabra groups of islands and 136,000 square kilometres from the Admirals to the Fortune bank will now be declared as protected areas and in the national park, a major conservancy act,\" he says. \u003cbr/\u003e              The Seychelles Marine Spatial Plan (MSP), the first of its kind worldwide, was created as part of an innovative debt-swap deal with the country's Paris Club creditors. \u003cbr/\u003e              The ambitious plan places 30 percent of the country's territorial waters under protection, putting it way ahead of the global marine protected area target of 10 percent by 2020. \u003cbr/\u003e              The deal was brokered by US-based environmental charity The Nature Conservancy (TNC).\u003cbr/\u003e              Through its investment arm, NatureVest, TNC bought back a portion of the Seychelles' bilateral sovereign debt. \u003cbr/\u003e              It blended a loan of $15.2 (m) million US dollars provided by TNC to the Seychellois government and $5 (m) million US dollars in philanthropic donations, including a $1 (m) million US dollar grant by the Leonardo DiCaprio Foundation. \u003cbr/\u003e              The debt was bought back at a discount, reducing it to just over $20 (m) million US dollars, according to the man who negotiated the deal between the Seychellois government and its creditors, Rob Weary. \u003cbr/\u003e              \"It took four years to put this together but what happened was over that time period the Seychelles was the poster child of what you do to come out of the debt crisis. They were running positive budget surpluses, they successfully floated their currency, they reduced their debt to GDP ratio,\" says Weary, the Senior Director of Product Development for NatureVest. \u003cbr/\u003e              At the height of its debt crisis in the late 2000s, the Seychelles was one of the world's top debt-ridden countries.\u003cbr/\u003e              Its sovereign debt peaked at nearly one (bn) billion US dollars, according to the World Bank.\u003cbr/\u003e              Today, the debt stands at less than half of that, says the Seychelles Finance Ministry.\u003cbr/\u003e              The agreement ensures that conservation work in the Seychelles can be funded into perpetuity, says Weary. \u003cbr/\u003e              \"In a nutshell, the Seychelles managed to convert part of its debt through a debt swap loan agreement facilitated by the Nature Conservancy. And this debt restructuring enabled for a certain amount to be repaid into a trust fund to fund conservation related projects and activities,\" explains the Project Manager for the Marine Spatial Plan, Helena Sims. \u003cbr/\u003e              The Marine Spatial Plan, the \"policy architecture\" as Weary refers to it, is split into two phases.\u003cbr/\u003e              Phase One went into effect on Wednesday (21 February) evening with the signing of the law. \u003cbr/\u003e              It places over 74,000 square kilometres (28,500 square miles) of ocean waters of the highest biodiversity under protection, by restricting all extraction or extractive uses such as fishing and petroleum exploration. \u003cbr/\u003e              The second phase will be completed by 2021.\u003cbr/\u003e              It will involve the management of a further 136,000 square kilometres where human activity will be allowed but restricted to sustainable practices. \u003cbr/\u003e              \"The marine spatial plan is trying to balance protection and ecology with social and economic use. The idea is to displace as minimum as possible our existing users. On the opposite, we want to help to develop sustainable use of the marine resources,\" says Sims. \u003cbr/\u003e              Flavien Joubert, Chief Executive Officer (CEO) of Seychelles National Parks Authority, welcomes the new plan.\u003cbr/\u003e              The limited protected areas in the Seychelles Economic zone so far led to ineffective protection of certain endangered species, such as turtles and sharks, he says. \u003cbr/\u003e              \"Well, the major threats are from the people themselves. They do create pressure by trying to extract the resources that we have, like fishing, as I mentioned. Certain species are targeted,\" he says. \u003cbr/\u003e              \"But also, on the other side, we have threats that are beyond our control. Like climate for example, which is having a big impact on the marine environment and which is having negative impact on certain species like corals. And we have to come in and intervene on those instances.\"\u003cbr/\u003e              Rising water temperatures and climate change are major threats to the oceanic nation's marine biodiversity. \u003cbr/\u003e              Two major coral bleaching events in the past two decades have led to a massive loss of coral, leaving the sea floor carpeted with a layer of white skeletons.\u003cbr/\u003e              But some feel that the new deal will severely restrict their ability to make a living from the ocean. \u003cbr/\u003e              Many fishermen involved in associations accept that the long-term effects of the MSP will benefit the economy and their industry. \u003cbr/\u003e              Yet some fear the short-term impact will be crippling to their livelihoods.  \u003cbr/\u003e              \"This is our living, you know, catch fish, sell, get our life (make our living). If you protect everywhere, where (will) we go fishing?\" says fisherman Elvis Simon Dingwall. \u003cbr/\u003e              Dingwall has been a fisherman on the Mahe plateau for the past 20 years and says many areas are now depleted of fish stocks.\u003cbr/\u003e              The 48-year-old local thinks restricting artisanal fishermen from accessing other areas will negatively impact their livelihoods. \u003cbr/\u003e              He echoes other fishermen who are angry that they have to bear the brunt of the government's past economic failures. \u003cbr/\u003e              \"The small Seychelles to have big debts like that. And the main economy is tourism, then the second is fishing. And you know, the small Seychelles, everybody can live as a small Arab, you know? We don't know how debt has come and now we fishermen are going to pay for all these things that has happened, you know?\" he says.\u003cbr/\u003e              The head of the Seychelles state-owned oil and gas exploration entity has also had doubts. \u003cbr/\u003e              Patrick Joseph of PetroSeychelles said the organisation was initially resistant to the plan, but with close involvement in its design consultations, they are now cautiously optimistic.\u003cbr/\u003e              It is uncertain what activities will and will not be allowed in the MSP's second phase, to be rolled out by 2021.   \u003cbr/\u003e              From a geological point of view, Joseph says, all the ingredients are there to suggest that there are substantial hydrocarbon reserves in the Seychelles economic area. \u003cbr/\u003e              \"We feel Seychelles has a small population, yes, and we could have world class reserves of hydrocarbon. And provided this is done properly, we choose the right companies and we do a proper impact assessment before we drill, I feel like the country will definitely benefit from oil and gas resources,\" he says. \u003cbr/\u003e              \"We know there are environmental issues, but we feel like we can sort of get through those and, using technology, using out understanding of the industry achieve economic growth through our resources.\"\u003cbr/\u003e              The Seychellois government is already reaping the benefits of the confidence the adoption of the MSP has inspired in its creditors. \u003cbr/\u003e              In another pioneering feat, the Seychelles are finalising the details of a Blue Bond by the World Bank that will finance a transition to sustainable fisheries.   \u003cbr/\u003e              The $20 (m) million US dollar package will include a $15 (m) million US dollar bond, which will contribute to achieving the country's Blue Economy strategy. \u003cbr/\u003e              Benoit Bosquet, Practice Manager for Environment and Natural Resources at the World Bank, says the Seychelles has an opportunity to show the world how to manage its sea resources sustainably. \u003cbr/\u003e              \"So the Seychelles are called a Small Island State. In reality, they are a Large Ocean Nation. They have a very small landmass, but a huge exclusive economic zone,\" he says.\u003cbr/\u003e              \"And the Seychelles is leading the way in terms of how it is going to manage its ocean territory, it's seascape as we call it sometimes, in a sustainable fashion.\"\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Curieuse island, Seychelles - 20 February 2018\u003cbr/\u003e              1. Wide of island in the sea and white sand\u003cbr/\u003e              2. Wide of family on white sand beach\u003cbr/\u003e              \u003cbr/\u003e              Praslin island, Seychelles - 20 February 2018\u003cbr/\u003e              3. Various of houses on island\u003cbr/\u003e              \u003cbr/\u003e              Curieuse island, Seychelles - 20 February 2018\u003cbr/\u003e              4. Various underwater shots of fish\u003cbr/\u003e              \u003cbr/\u003e              Victoria, Mahe island, Seychelles - 21 February 2018\u003cbr/\u003e              5. Mid of World Bank officials at event for signing of bill\u003cbr/\u003e              6. Wide of officials at event, including Vice President of Seychelles Vincent Meriton (right) and Minister of Environment, Energy and Climate Change Didier Dogley (second from right) \u003cbr/\u003e              7. Wide of Dogley at podium\u003cbr/\u003e              8. SOUNDBITE (English) Didier Dogley, Seychelles Minister of Environment, Energy and Climate:\u003cbr/\u003e              \"A great honour and privilege for me today to sign the regulations for the Marine Spatial Plan Phase 1 into law. With the signature and gazetting of the legal instruments, an area of 74,400 square kilometres around Aldabra groups of islands and 136,000 square kilometres from the Admirals to the Fortune bank, will now be declared as protected areas and in the national park, a major conservancy act.\"\u003cbr/\u003e              9. Mid of Dogley signing bill\u003cbr/\u003e              \u003cbr/\u003e              Praslin island, Seychelles - 20 February 2018\u003cbr/\u003e              10. Pan left of Granse Anse beach \u003cbr/\u003e              \u003cbr/\u003e              Victoria, Mahe island, Seychelles - 21 February 2018\u003cbr/\u003e              11. Setup shot of Senior Director of Product Development for Nature Conservancy, Rob Weary, holding phone\u003cbr/\u003e              12. SOUNDBITE (English) Rob Weary, Senior Director of Product Development at NatureVest, an initiative of The Nature Conservancy: \u003cbr/\u003e              \"It took four years to put this together, but what happened was that over that time period the Seychelles was a poster child of what you do to come out of a debt crisis. They were running positive budget surpluses, they successfully floated the currency, they reduced their debt to GDP ratio. The reason you get a discount is the risk factor, how risky it is to hold debt from a country, and because it became less risky over that time period we got less of a discount.\"  \u003cbr/\u003e              \u003cbr/\u003e              Curieuse island, Seychelles - 20 February 2018\u003cbr/\u003e              13. Wide of man steering boat in sea\u003cbr/\u003e              14. SOUNDBITE (English) Helena Sims, Project Manager for Seychelles Marine Spatial Plan Initiative:\u003cbr/\u003e              \"In a nutshell, the Seychelles managed to convert part of its debt through a debt swap loan agreement facilitated by the Nature Conservancy. And this debt restructuring enabled for a certain amount to be repaid into a trust fund to fund conservation-related projects and activities.\"\u003cbr/\u003e              15. Various of Sims working on her laptop\u003cbr/\u003e              16. SOUNDBITE (English) Helena Sims, Project Manager for Seychelles Marine Spatial Plan Initiative:\u003cbr/\u003e              \"The marine spatial plan is trying to balance protection and ecology with social and economic use. The idea is to displace as minimum as possible our existing users. On the opposite, we want to help to develop sustainable use of the marine resources.\"\u003cbr/\u003e              17. Various setup shots of Chief Executive Officer (CEO) of Seychelles National Parks Authority, Flavien Joubert, patting Giant Aldabra tortoise\u003cbr/\u003e              18. SOUNDBITE (English) Flavien Joubert, Chief Executive Officer (CEO) of Seychelles National Parks Authority:\u003cbr/\u003e              \"Well, the major threats are from people themselves. They do create pressure by trying to extract the resources that we have, like fishing, as I mentioned. Certain species are targeted. But also, on the other side, we have threats that are beyond our control. Like climate, for example, which is having a big impact on the marine environment and which is having a negative impact on certain species like corals. And we have to come in and intervene on those instances.\"\u003cbr/\u003e              19. Close of Giant Aldabra tortoise eating grass\u003cbr/\u003e              \u003cbr/\u003e              Praslin island, Seychelles - 20 February 2018\u003cbr/\u003e              20. Wide of fishermen taking jobfish out of boat\u003cbr/\u003e              21. Mid of fishermen placing jobfish in back of pickup truck\u003cbr/\u003e              22. Mid of fisherman Elvis Simon Dingwall emptying bag of ice on jobfish\u003cbr/\u003e              23. Mid of fisherman moving fish in truck\u003cbr/\u003e              24. Close of fish\u003cbr/\u003e              25. Wide of Dingwall walking towards boat\u003cbr/\u003e              26. Mid of Dingwall preparing boat \u003cbr/\u003e              27. SOUNDBITE (English) Elvis Simon Dingwall, Fisherman on Praslin island:\u003cbr/\u003e              \"This is our living, you know, to catch fish, sell, get our life (make our living). If you protect everywhere, where (will) we go fishing?\"\u003cbr/\u003e              28. Mid of Dingwall steering boat\u003cbr/\u003e              29. SOUNDBITE (English) Elvis Simon Dingwall, Fisherman on Praslin island:\u003cbr/\u003e              \"The small Seychelles to have big debts like that. And the main economy is tourism, then the second is fishing. And, you know, the small Seychelles, everybody can live as a small Arab, you know? We don't know how debt has come and now we fishermen are going to pay for all these things that has happened, you know?\"\u003cbr/\u003e              30. Mid of Dingwall steering boat\u003cbr/\u003e              31. Mid of Dingwall on quay as fishermen in boat approach\u003cbr/\u003e              32. Mid of fisherman placing fish on ice\u003cbr/\u003e              33. Close of fish in ice box, red one is red spotted snapper \u003cbr/\u003e              \u003cbr/\u003e              Victoria, Mahe island, Seychelles - 21 February 2018\u003cbr/\u003e              34. Various setup shots of Patrick Joseph, Chief Executive Officer of PetroSeychelles, the Seychellois government's oil and gas exploration arm, working in his office\u003cbr/\u003e              35. SOUNDBITE (English) Patrick Joseph, Chief Executive Officer of PetroSeychelles:\u003cbr/\u003e              \"We feel Seychelles has a small population, yes, and we could have world-class reserves of hydrocarbon. And provided this is done properly, and we choose the right companies and we do a proper environmental impact assessment before we drill, then we feel that the country will definitely benefit from oil and gas resources. We know there are environmental issues, but we do feel that we can sort of get through those and, using technology, using the modern understanding in the industry, achieve economic growth through our resources.\"\u003cbr/\u003e              36. Close of sign reading (English): \"PetroSeychelles. Exploration Opportunities\"\u003cbr/\u003e              37. Various setup shots of Practice Manager for Environment and Natural Resources at World Bank, Benoit Bosquet, reading document\u003cbr/\u003e              38. SOUNDBITE (English) Benoit Bosquet, Practice Manager for Environment and Natural Resources at World Bank:\u003cbr/\u003e              \"So, the Seychelles are called a small island state. In reality, they are a large ocean nation. They have a very small landmass, but a huge exclusive economic zone. And the Seychelles is leading the way in terms of how it's going to manage its ocean territory, its seascape as we call it sometimes, in a sustainable fashion.\"\u003cbr/\u003e              \u003cbr/\u003e              Curieuse island, Seychelles - 20 February 2018\u003cbr/\u003e              39. Various underwater shots of fish\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=1120849\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003eHigher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=1216220\"\u003eAll Subjects\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Type\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;search_tab_id=2\u0026amp;type_ids%5B%5D=4543650\"\u003eNews Clips\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSource:\u003c/dt\u003e\n\u003cdd\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e2018\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003eanimals, sustainable development, debt, wildlife, turtles, resources, economy, africa, climate change, national parks, biodiversity, reptiles, species, fishing, philanthropy, area, fashion, business, fish, seashells, oceans, climate, years\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003edebt and bond markets, indian ocean, ocean, sightseeing, beauty and fashion, energy industry, environmental conservation and preservation, call, environment, country, nature conservancy, oil and gas exploration and extraction, national debt, side, benefit, government finance, discount, parks, outdoor recreation, feel, time period, protect, corals, small seashells, new products and services, victoria, endangered and extinct species, sustainable fashion, east africa, environmental concerns, risky, travel, manage, issues, banking and credit, social affairs, corporate news, sign, government debt, new product development, seychelles, world bank, products and services, land, leisure travel, happened, development banking, sovereign debt, threats, shells, financial services, leonardo dicaprio, government and politics, coastlines and beaches, environment and nature, people, lifestyle, economic, philanthropic foundations, oil and gas industry, government business and finance, financial markets, recreation and leisure, eco-friendly practices\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='educator-ratings-heading' class='rp-info-section'\u003e\n\u003ch2 class='title sr-only' id='educator-ratings-heading'\u003eEducator Ratings\u003c/h2\u003e\n\u003cdiv id=\"educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"all-educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"educator-rating-form-root\"\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-resource'\u003e\n\u003cdiv aria-label='Show resource details' class='rp-show-info' role='button' tabindex='0'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\nShow resource details\n\u003c/div\u003e\n\u003cdiv aria-label='Video player' class='player' id='player-wrapper' role='region'\u003e\n\u003cdiv class='relative container mx-auto' id='lp-boclips-visitor-thumbnail'\u003e\n\u003ca class=\"block\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"\u003cdiv class=\u0026quot;text-center py-2\u0026quot;\u003e\u003ca class=\u0026quot;bold\u0026quot; href=\u0026quot;/auth/users/sign_in\u0026quot;\u003eSign in\u003c/a\u003e or \u003ca class=\u0026quot;bold text-danger\u0026quot; data-posthog-event=\u0026quot;Signup: LP Signup Activity\u0026quot; data-posthog-location=\u0026quot;body_link_boclips\u0026quot; data-remote=\u0026quot;true\u0026quot; href=\u0026quot;/subscription/new\u0026quot;\u003eJoin Now\u003c/a\u003e\u003c/div\u003e\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Seychelles protects its marine life in exchange for debt relief\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"Seychelles protects its marine life in exchange for debt relief\" title=\"Seychelles protects its marine life in exchange for debt relief\" onError=\"handleImageNotLoadedError(this)\" data-default-image=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" data-src=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" width=\"315\" height=\"220\" src=\"data:image/png;base64,R0lGODlhAQABAAD/ACwAAAAAAQABAAACADs\" /\u003e\n\u003cspan aria-hidden='true' class='flex justify-center items-center bg-white rounded-full w-16 h-16 absolute top-1/2 left-1/2 -mt-8 -ml-8 cursor-pointer z-0 border-2 border-primary drop-shadow-md lp-boclips-thumbnail-playBtn'\u003e\n\u003ci class='fa-solid fa-play text-primary text-3xl ml-1 drop-shadow-xl'\u003e\u003c/i\u003e\n\u003c/span\u003e\n\u003c/a\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n"}