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

Surf’s up, risks down: How a bold insurance plan could preserve surfing hotspots amid climate threats

Rising sea levels, more frequent storm surges, and coastal erosion are jeopardizing the intricate ocean floor features that create perfect waves, threatening both the sport and the economies it supports. In response, a partner to Race to Resilience partner initiative ORRAA, Save The Waves is pioneering an innovative insurance model in El Salvador, aimed at protecting these precious surf ecosystems and the communities that depend on them.

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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