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Boosting Coral Health: Caribbean Strategies for Climate Resilience

Coral reefs play a vital role in Caribbean climate adaptation by mitigating storm surge impacts, reducing wave energy by an average of 97%, and enhancing community resilience against severe climate events. However, unprecedented sea temperatures in 2023-2024 have led to devastating coral bleaching, particularly affecting Acropora spp., with mortality rates nearing 100% in some areas. This situation underscores the urgent need for identifying and propagating thermally resilient coral genotypes for restoration efforts.

Preserving the Future: The World Coral Conservatory Initiative

This side event at COP16 will delve into how the WCC is tackling the urgent need for coral conservation by creating a living 'reservoir' of coral species, advancing scientific research on coral resilience, and promoting education and public awareness. A key highlight will be insights from a partner aquarium, showcasing the collaborative efforts and practical experiences in coral conservation.

[Invite Only] Roundtable: Integrating Coral Reefs into NBSAPs

In light of the ongoing challenges posed by the Fourth Global Bleaching Event (4GBE) and the increasing pressures on coral reefs, it is crucial to support coral nations to effectively conserve coral reefs. COP16 presents an invaluable opportunity to assess the current status of coral reef integration into NBSAPs and evaluate the effectiveness of ICRI's guidance for coral reef countries. Join us for a pivotal roundtable discussion.

Climate risks and insurance solutions

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.

Mobilising private financial resources to protect corals

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.

Protecting the ‘Amazon of the ocean’, the Verde Island Passage

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.

Blended Finance Innovation for Reef Conservation in Latin America & the Caribbean

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.

Seascapes of the Future: NbS, the Blue Economy and the Great Blue Wall

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.

Launching the first impact loan facility for marine conservation

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.

Advancing the Marine Conservation Breakthroughs: Connecting Global Action to Scale Nature-Based Solutions

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.

The Coastal Risk Index: Building Resilience with Nature

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.

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Since 2016, Blue Pangolin Consulting has served as the Designated Administrative Representative for ICRI

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