Palau has a rich heritage of conservation that has evolved from the traditional moratoria on fishing, or “bul”, to more western Marine Protected Areas (MPAs), while still retaining elements of customary management and tenure. In 2003, the Palau Protected Areas Network (PAN) was created to conserve Palau’s unique biodiversity and culture, and is the country’s mechanism for achieving the goals of the Micronesia Challenge (MC), an initiative to conserve 30% of near-shore marine resources within the region by 2020.