Global Fund for Coral Reefs
The GFCR is a blended finance instrument to mobilise action and resources to protect and restore coral reef ecosystems.
DECISIVE ACTION TO MEET EXISTENTIAL THREATS
Up to half of the world’s coral reefs have been lost, and if global temperatures rise by 1.5°C, 90% could disappear. Reef degradation jeopardises one of the richest sources of biodiversity on Earth and the livelihoods of a billion people. The Global Fund for Coral Reefs (GFCR) provides grant funding and private capital to support sustainable interventions to save coral reefs and the communities that rely on them. Officially announced in September of 2020, we are now actively and urgently seeking additional partners and investors for greater finance and engagement!
UN Agencies, nations, philanthropies, private investors and organisations have joined the Global Fund for Coral Reefs Coalition to deliver on ecological, social and economic resilience.
Days left until close of next fundraising campaign milestone at the Our Ocean Conference in Panama
In donor funds deployed by the Grant Fund
In investment deployed by the Investment Fund
Catalysed from global public and private investors and institutions
How We Work
Mobilising effective reef conservation efforts
The Global Fund for Coral Reefs is creating a new paradigm for protection of an ecosystem on the brink of extinction with a myriad of implications, while enhancing resilience of coral reef countries and communities. Through blended finance and innovative public-private partnership, the Fund is catalysing a sustainable financial ecosystem for conservation and development of coral reefs.
Building capacity and scaling impact
The GFCR is a 10-year, $625 million blended finance vehicle established through a coalition between United Nations 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 maximise the impact of projects incubated by the grant fund. For detailed information, the Terms of Reference and Theory of Change are available on the resources page.
A Paradigm Shift
The world’s coral reefs — and reef-dependent communities — require urgent action to safeguard their future. The GFCR is working to capitalise the 10-year, $125M grant fund of the blended finance instrument.
GFCR Launches the REEF+ Knowledge and Finance Accelerator and Announces New Partnership with Blue Nature Alliance at COP15
Launched during the 15th meeting of the Conference of the Parties (COP15) to the UN Convention on Biological Diversity (CBD) in Montréal, the Global Fund for Coral Reefs (GFCR) REEF+ Accelerator will serve as a convening platform to drive finance and knowledge for bankable coral reef solutions globally.
GFCR COP15 Engagement
As an investment-ready implementation mechanism, the GFCR Coalition representatives engageD at COP15 to focus on mobilising state governments, philanthropies and private sector actors to join forces to achieve post-2020 global biodiversity framework targets.
Open Letter Calling for Urgent Coral Reef Action Addressed to Leaders and Policy-Makers at COP27, Ocean20 and COP15
The window for protecting these ecosystems is closing rapidly. This open letter calls on the G20, parties of COP27 and COP15, and private sector leaders to urgently implement the policy change, increase the level of investment and leadership needed to ensure coral reef conservation, protection, and restoration commensurate with their value to people and the world economy.
Press Release: Action for Coral Reefs at COP27: The US Pledges $15 Million USD for the Egyptian Red Sea and the GFCR Announces Awards for Programmes in 7 Coral Nations
The United States has joined the Global Fund for Coral Reefs (GFCR) Coalition, as the largest SDG14 blended finance initiative scales investment to protect the most climate-resilient coral reefs on Earth.