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As 2020 began, conservationists celebrated Palau’s decision to close 80% of its territorial waters to fishing, creating one of the world’s largest marine protected areas. However, the COVID-19 pandemic forced a reevaluation as the government faced economic challenges. Palau chose to strike a balance between marine protection and production, launching the “Blue Prosperity Plan” to find sustainable ways to finance conservation.

The global push to protect 30% of the planet’s lands and waters by 2030 has led to the establishment of many marine protected areas, but the tension between protection and production remains a challenge. The need for balanced management is vital, as countries struggle to protect fragile seas while meeting the food and livelihood needs of billions of people.

The economic benefits of commercial fishing versus the costs of establishing and managing marine protected areas present a significant challenge. Innovative financing mechanisms, such as bonds and philanthropy, are needed to ensure the sustainability of marine protections.

Research gaps in understanding pelagic species, differences in marine life along coastlines and in open oceans, and equity issues in marine protection are highlighted. Addressing these gaps is crucial to ensure fair and effective marine conservation efforts.

Moving forward, bridging the divide between different approaches to marine conservation is essential. By addressing scientific gaps and promoting collaboration, the future of marine life and our dependence on it can be sustained for generations to come.

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