The Global Fund for Coral Reefs has a dual focus: • Facilitate the uptake of innovative financing mechanisms, including private, market-based investments focused on coral reef conservation and restoration • Unlock financing for coral reef-re-lated climate adaptation through the Green Climate Fund, Adaptation Fund, and multilateral development The urgency of addressing coral reef decline remains and warrants special attention. Coral Reef Funding Landscape explores international funding allocations for the sustainable management of coral reefs and related mangroves and seagrass ecosystems. How does global warming affect the coral reefs? The Global Fund for Coral Reefs seeks to raise and invest USD $500 million in coral reef conservation over the next 10 years. 50% of coral reefs have been lost in the past 20 years. The Coral Reef Rescue Initiative presents a rescue strategy to conserve the world’s rapidly deteriorating tropical coral reefs. Coral reefs are well known as some of the most beautiful, biologically diverse and delicate ecosystems in the world. Coral reefs are in a perilous state. Coral reefs in the Malacca Straits have an economic value of US$563 million ; Southeast Asia is considered the global epicentre of marine diversity. On the map, you can see the percentage distribution among the countries. For example, they The UNSG’s Special Envoy for the Ocean, Ambassador Peter Thomson, participated in the Global Fund for Coral Reefs High Level event the 16 September 2020, in a session dedicated to discussing Challenges and Opportunities in the Covid19 context and the Super Year of Nature. 63 64 3.Platform Activities 65 Through its activities, the Platform will contribute to enhance the More than 90% are expected to die by 2050. Even if global warming is held to 1.5C – the toughest goal in the Paris Agreement – an estimated 90% of the world’s coral reefs will be degraded by 2050.. With the Ocean Summit in Mexico 7-9 March, and with 2018 dubbed the International Year of the Reef, the world’s coral reefs are getting extra attention. Coral Reef Rescue: Resilient Coral Reefs, Resilient Communities Previous This project will build capacity and solutions for safeguarding globally significant climate resilient coral reefs, to ensure global long-term survival of coral reef ecosystems in Philippines, Solomon Islands, Fiji, Indonesia, Tanzania, and Madagascar (plus Cuba through non-GEF funds). The Fund, a finance instrument that blends private and public funding, will also support businesses and finance mechanisms that improve the health and sustainability of coral reefs and associated ecosystems while empowering local communities and enterprises. The Global Fund for Coral Reefs was launched on 16 September during the 75th session of the UN General Assembly.Co-founded by Prince Albert II of Monaco, the fund serves to mobilise resources for the preservation of coral reefs. He said coral reef protection “must become a global priority,” and stressed that expectations for this coalition “could not be higher.” Prince Albert II of Monaco welcomed increased awareness on the threats posed to coral reefs, and called for sharpened focus on strategies for effective coral reef conservation. The Global Fund for Coral Reefs (GFCR) seeks to raise and invest US $500 million in coral reef conservation over the next 10 years, from 2020-2030. Coral reefs are set to be one of the first casualties of climate change. GEF Trust Fund. Implementing Agencies: World Wildlife Fund - US Chapter. It is designed to enable coral reef scientists & practitioners to share their … A new digital platform to help dive professionals protect fragile coral reefs has been shortlisted as a finalist in the 2020 Con X Tech Prize, an award that provides seed funding to innovative conservation projects. It is the most comprehensive global dataset of warm-water coral reefs to date, acting as a foundation baseline map for future, more detailed, work. But conservation innovation and technology can help. Almost 50% of living coral has been lost since 1870 and the losses are accelerating. Recent global assessments show coral reefs to be on a catastrophic trajectory. Deadline: 1-Feb-21 The National Fish and Wildlife Foundation (NFWF) is seeking applications for its Coral Reef Conservation Fund 2021 to improve the health of coral reef systems. The Fund, a finance instrument that blends private and public funding, will also support businesses and finance mechanisms that improve the health and sustainability of coral reefs and associated ecosystems while empowering local communities and enterprises. Coral reefs support food systems, economies, human health and have important cultural significance. They are also vital to maintaining food supply and protecting the shoreline of low-lying island nations. Welcome to Global Coral Reef Week, a free meeting that uses virtual & in-person conference tools. Its 100,000km 2 of coral reefs (34% of the world's total) are home to over 600 of the 800 reef-building coral species in the world The Global Fund for Coral Reefs seeks to raise and invest USD $500 million in coral reef conservation over the next 10 years. Freshwater runoff from melting ice and snow can interrupt the oceanic “conveyor belt” that distributes heat from the equator to the poles. Your donation can be earmarked for a specific project or for general GCRA operating costs. Around 70% of climate-resilient coral reefs can be found in just 7 countries. They say it’s the first stand-alone coral reef to be found on the Great Barrier Reef since the 1800s. The global annual value of coral reefs and associated ecosystems has been estimated between US$ 375B and US$ 2.7T, yet the current funding levels needed to save them from climate change and other threats are at least seven times too small. It will also support businesses and finance mechanisms that improve the health and sustainability of coral reefs and associated ecosystems while empowering local communities and enterprises. The widespread loss of reefs is fast becoming a major crisis. Most reefs are located between the Tropics of Cancer and Capricorn, in the Pacific Ocean, the Indian Ocean, the Caribbean Sea, the Red Sea, and the Persian Gulf. 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