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!
REEF ACTION COALITION
UN Agencies, Member States, 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 COP27
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 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. The third fundraising campaign (June 2022 to November 2022) will end during the COP27 in Sharm El-Sheikh, Egypt.
Press Release: UNESCO Recognizes GFCR’s Critical Contribution to the UN Decade of Ocean Science
UNESCO’s Intergovernmental Oceanographic Commission has announced the formal recognition of the Global Fund for Coral Reefs as a contribution to the United Nations Decade of Ocean Science for Sustainable Development 2021-2030 (the ‘Ocean Decade’).
Press Release: G20 Initiative CORDAP and the Global Fund for Coral Reefs Announce New Partnership to Accelerate Global Innovation in Coral Reef Restoration
Announced during the UN Oceans Conference in Lisbon, the partnership will advance and scale-up coral reef research, development and restoration across the world.
Press Release: Prince Albert II of Monaco Foundation and Paul G. Allen Family Foundation Host High-Level Pledge Event to Accelerate Action to Save Coral Reef Ecosystems
The Global Fund for Coral Reefs (GFCR) Coalition members sign declaration to scale up efforts for sustainable coral reef conservation and raise awareness through the ‘Racing Against Reef Extinction’ visibility event at the UN Ocean Conference.