The 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!
Days left until close of Fundraising Campaign at the UN Climate Change Conference of Parties (COP26)
In donor funds through the grant manager
In partner assets deployed through the holding company
Unlocked from global public and private financial instruments
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 windows. Technical assistance, capacity development, monitoring, and evaluation are provided via the grant window, while the investment window generates de-risked investment capital to maximise the impact of projects incubated by the grant window. 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 window of the blended finance instrument. The first fundraising campaign (October 2020 to November 2021) will end during the UN Framework Convention on Climate Change Conference of Parties (COP26).
GFCR’s Executive Board Approves Programmes for The Bahamas, Kenya, Tanzania & Papua New Guinea
On the sidelines of the 76th Session of the UN General Assembly, members of the Global Fund for Coral Reefs (GFCR) Executive Board convened to review progress, objectives, and programming development since the Fund's launch one year ago.
GFCR Forms an Institutional Partnership with IUCN
The Global Fund for Coral Reefs (GFCR) and International Union for Conservation of Nature (IUCN) have combined their mutually beneficial strengths in an Institutional Partnership to scale up coral reef conservation.
Global Fund for Coral Reefs Awarded Anchor Commitment Investment from the Green Climate Fund to Strengthen Reef Resilience to Climate Change
The Global Fund for Coral Reefs (GFCR) is pleased to announce the approval of an initial commitment of USD $125 million from the Green Climate Fund (GCF) for its Investment Window managed by Pegasus Capital Advisors. GFCR is a blended finance mechanism dedicated to the conservation and restoration of coral reef ecosystems and the communities that depend on them.