Partners will showcase parametric insurance as innovative risk financing approaches to enhance ecosystem resilience along the Caribbean’s coastlines. ORRAA will open with an introduction and description of parametric insurance for nature.
This event will be a round table dedicated to the challenges of private funding for coral preservation and restoration. The aim of this round table will be to understand the environmental and economic risks associated with the loss of corals and the implementation of solutions by the private sector. Levers of action will be shared to massively increase positive investment for corals.
In this event, Earth Insight, SkyTruth, CEED Philippines and Say no LNG will launch the Coral Triangle Oil and Gas Threat Assessment and will present a compelling picture and data on the imminent fossil fuel offshore and LNG expansion in the Coral Triangle, as well as discuss solutions to address such threats. Following, we will dive into the Verde Island Passage (VIP), placed at the heart of the Coral Triangle in Southeast Asia a marine corridor known, as the ‘Center of the Center of marine shorefish biodiversity in the world.
The Global Fund for Coral Reefs (GFCR) will host a panel discussion to highlight its blended finance program, featuring three convening agents from Latin America and the Caribbean: Fondo Acción (Colombia), TNC Bahamas, and MAR Fund (Mexico, Belize, Guatemala, and Honduras). The event will begin with an introduction to GFCR's innovative approach to reef conservation and enhancing the resilience of coastal communities, outlining the program's key objectives and focus areas.
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