[Invite Only] Closed Door Ocean Finance Meeting
Closed Door Ocean Finance Meeting
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.
The Caribbean Chapter of the Global Coral Reef Monitoring Network (GCRMN) is hosting this session to explore how collaborative reef monitoring and effective reporting can drive conservation actions for greater impact.
This event will feature expert speakers on three critical marine sites that highlight the importance of high seas coral reefs, and the work being done to secure protections through partnerships activated by the Coral Reefs of the High Seas Coalition. This will be a space to showcase the scientific and political work progressing for the Salas y Gomez and Nazca ridges, and the science background for the Saya de Malha Bank in the Western Indian Ocean, and the Atlantic Fracture.
The event will focus on enhancing ocean and climate resilience through building capacity and access to innovative financing solutions for marine conservation. The session will begin with a presentation on key Commonwealth initiatives, spotlighting the Commonwealth’s efforts to promote and finance sustainable ocean governance and conservation, through its Blue Charter initiative and Climate Finance Access Hub.
This event will feature efforts and approaches undertaken by the Pacific region, practitioners, and partners to safeguard coral reefs. It will be an opportunity to highlight the Pacific Coral Reef Action Plan endorsed by Pacific Leaders in 2021 to ensure coordinate efforts that would result in the overall vision of improving the resilience and health of reef ecosystems in the Pacific islands.
