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, $500 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).
Launch of the GFCR Website
The Global Fund for Coral Reefs launches new website to raise awareness and funding for the protection, restoration and resilience of coral reefs
Official launch of the Global Fund for Coral Reefs
The official GFCR launch showcased the innovative coalition and blended finance instrument, both of which were designed to address the underfinanced and underrepresented SDG 14, ‘Life Below Water.’