Welcoming the Global Fund for Coral Reefs to the Race to Resilience

H.E Ms Razan Al Mubarak, President of the IUCN and UN Climate Change High-Level Champion for COP28 welcomes the Global Fund for Coral Reefs as a partner to the Race to Resilience. By Climate Champions | March 7, 2023

The Global Fund for Coral Reefs is a 10-year, $625 million, blended finance vehicle established through a coalition between UN agencies, financial institutions, and private philanthropy sources.

The GFCR supports business models that can sustainably finance key conservation and development goals for coral reefs via two initiative funds. Technical assistance, capacity development, monitoring, and evaluation are provided via the grant fund, while the investment fund generates de-risked investment capital to maximize the impact of projects incubated by the grant fund.

Race to Resilience

The Nature Conservancy CEO, Jennifer Morris: We are in the age of adaptation

Jennifer Morris, CEO of The Nature Conservancy, addresses the urgent need for more innovative climate adaptation strategies. Morris emphasizes transforming stakeholder engagement and enhancing financial support mechanisms, advocating for governance by Indigenous Peoples and local communities. She calls for radical collaboration across governments, businesses, and civil society to address the climate crisis and close the adaptation finance gap swiftly and fairly.

Race to Resilience

Revitalizing landscapes damaged by intensive agriculture in Brazil’s Paraná State

Race to Resilience partner Initiative 20×20 is working with MIROVA and the SLB Group in Brazil to restore degraded land caused by intensive agriculture in Paraná. This project seeks to rejuvenate 1,400 hectares previously used for intensive farming practices by implementing innovative forestry methods that promise greater biodiversity and environmental sustainability.

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