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 next fundraising campaign milestone at the 2022 UN Ocean Conference
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 second fundraising campaign (December 2021 to June 2022) will end during the 2022 United Nations Ocean Conference in Lisbon, Portugal.
Open Call: GFCR Advisory Board (Dec 20)
The Global Fund for Coral Reefs is pleased to invite interested individuals to submit an application for membership of the Advisory Board
Canada Joins GFCR Coalition
The GFCR is pleased to announce that the Government of Canada has joined the Fund’s coalition with a commitment of CAD $6 million. This new commitment was launched by Prime Minister Justin Trudeau at COP26.
GFCR at COP26
Join the Global Fund for Coral Reefs during COP26 as we mobilize action for SDG14, as well as showcase the power of blended finance in the effort to secure global net zero and protect marine biodiversity’s last strongholds. The Fund will demonstrate how innovative finance is necessary to scale adaptation interventions for vulnerable communities and natural habitats. By linking ambitions and aligning with the post-2020 global biodiversity framework mandates for nature-based solutions, GFCR provides a crucial opportunity to showcase how 'Ocean Action is Climate Action'.