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.
Closed Door Ocean Finance Meeting
The Great Blue Wall (GBW) is a Western Indian Ocean (WIO)-born, African-driven roadmap to achieve a nature-positive world by 2030, aiming at unlocking unprecedented nature-based recovery efforts through dramatically accelerating and upscaling ocean conservation action while enhancing socio-ecological resilience and the development of a regenerative blue economy. This session will focus on the implementation of best-practice coastal and marine conservation in the WIO, and the integration of Nature-based Solutions and the Regenerative Blue Economy into Other Effective area-based Conservation Measures (OECMs). The session is structured around two main panels, each addressing critical aspects of the Great Blue Wall initiative.
Blue Alliance and BNP Paribas, together with GFCR, ORRAA, and other partners, will unveil a groundbreaking investment facility aimed at advancing sustainable finance for Marine Protected Areas (MPAs) in the Global South. The facility seeks to transform protected areas and livelihoods through investment in Blue Economy social enterprises. This event will highlight the innovative Impact Loan Facility for MPAs, BNP Paribas’ initial funding commitment, as well as the first cohort of investments in the Blue Economy and MPAs. It will also provide a unique opportunity for networking and offer a first look at the potential for scaling up the facility.
The event will feature two panel discussions that will bring together governments, finance, private sector, philanthropy, and practitioners to explore strategies and innovative opportunities to create synergies and build capacity across the ecosystem-specific Breakthroughs. By uniting the various Breakthrough delivery partners, the event seeks to mobilise sustainable, long-term finance for impactful marine ecosystem conservation.
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 showcase the newly launched CRI 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.
This event will showcase the findings of a new report commissioned by the Bloomberg Ocean Fund and developed in partnership with Campaign for Nature, the Marine Conservation Institute, and SkyTruth. Off track or on course? Assessing progress toward achieving the 30x30 target in the ocean, assesses progress toward the global target of protecting and conserving 30% of the ocean by 2030.
This panel will bring together scientific, financial, standard-setter and practitioner perspectives to explore how rigorous coral biodiversity accounting and monitoring science can and should underpin high-integrity market-based approaches to finance coral reef conservation, such as coral biodiversity credits, stewardship incentives, insurance products and other mechanisms.
The high-level convening will emphasise the urgent need for the acceleration of resilience based strategies to protect coral reef ecosystems. Amidst the 4th mass bleaching, the event will encompass a high-level strategy session to overview needed actions including ecosystem-based approaches and targeted resilience solutions, as well as concrete steps being taken by states, philanthropies and private sector to scale efforts. A segment of the convening will also feature a discussion on the coming 2025 UN Ocean Conference (UNOC) and the significance of coral reefs in its action agenda. Following the main event segments, a networking convening will aim to facilitate collaboration among key stakeholders for coral action.
