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 to the 2025 United Nations Ocean Conference (UNOC). Co-chaired by the Governments of France and Costa Rica, the third UNOC will convene in Nice, France, in June 2025, marking a mid-way point for the GFCR Coalition – 5 years since launch of the initiative and halfway to its 2030 targets. At UNOC, GFCR will demonstrate how coral reef resilience can benefit from large-scale commercial-rate investments, financial vehicles driving sustainable blue economic transition, and financial mechanisms and enterprises supported through blended finance interventions. GFCR will also aim to launch a new set of donor commitments, alongside new funding announcements from GFCR private investors and large-scale investments in coral nations.
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.
COP28 Outcomes & Highlights
The GFCR Coalition representatives engaged at COP28 through a dynamic blend of events, investor convenings, media engagements, and strategic sessions with leaders, investors, and experts to catalyse greater action for coral reefs.
The GFCR Coalition Accelerates Action for Coral Reefs and Coastal Community Resilience at COP28
Launching funding commitments from donors and investors, as well as new transformative investments for coral nations, the Global Fund for Coral Reefs Coalition announces acceleration of ocean resilience action at the 2023 UN Climate Conference in Dubai.
Coral Reef Breakthrough launches to prevent extinction of one of the world’s most threatened, yet most valuable and most biodiverse ecosystems
The Coral Reef Breakthrough aims to secure the future of at least 125,000 km2 of shallow-water tropical coral reefs with investment of at least US$12 billion to support the resilience of more than half a billion people globally by 2030.
GFCR Coalition Launches Blended Finance Programme for Seychelles
The second quarter convening of the Global Fund for Coral Reefs (GFCR) Executive Board has resulted in the approval of the Ocean’s Resolve programme, led by the Seychelles Conservation and Climate Adaptation Trust (SeyCCAT). This programme aims to elevate the focus on coral reefs within Seychelles’ pioneering initiatives on the blue economy and sustainable finance, while promoting the use of blended finance approaches.