The Coastal Risk Index: Building Resilience with Nature

With climate change intensifying, coastal communities are grappling with increased vulnerabilities from flood risks and ecosystem degradation, which not only threatens biodiversity, but also amplifies the risk to infrastructure, economies, and lives. Coastal ecosystems are a first line of defence against climate risks such as flooding and storm surges. Without these natural protections, more than 14 million people and over $363 billion of assets would be at risk of coastal flooding.

ORRAA’s Coastal Risk Index (CRI) is a ground-breaking modelling tool that equips policymakers, financial institutions, investors, insurers and infrastructure project managers with unparalleled insights into ocean risks and the critical role of Nature-based Solutions in building cost-effective coastal resilience. During Ocean Day at COP16, ORRAA will use the event to go live with the new interactive data platform and outline how it can be used to quantify the value of coastal ecosystems and inform risk management and resilience-building strategies. ORRAA will highlight how the CRI has been implemented in a case study for the Dominican Republic (DR) to map the impacts of flooding on vulnerable people and how Nature-based Solutions can be leveraged to build resilience along the DRs coastline. The panel will convene stakeholders to discuss where coastal risk data can be leveraged to increase finance into Nature-based Solutions and inform critical pathways at COP16 and beyond.

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