It is estimated that, by 2050, the global community will face annual costs of over $1 trillion to coastal urban areas as a result of the combined effects of rising sea levels and extreme weather events. The changes in our Ocean are also expected to cause the displacement of many coastal communities, and the destruction of precious biodiversity. The scale and urgency of the challenges posed by Ocean-derived risks call for a transformative and global response.
ORRAA brings together the finance and insurance sectors, governments, non-profits, and stakeholders from the Global South to pioneer finance and insurance products that incentivise investment into nature-based solutions in coastal and marine areas, with a focus on protecting the regions and communities that need it most.
Our aim is to drive $500 million of investment into nature-based solutions and surface at least 50 novel finance products by 2030, positively impacting the resilience of at least 250 million people in coastal areas around the world.
To achieve these goals and secure a resilient and regenerating Ocean, we believe it is time to #BackBlue. Learn more about what this means.
Europe Jacques Delors Institute & ORRAA launch report calling upon G7 to secure financing to prevent ocean degradation
ORRAA NEWS BULLETIN
Dear ORRAA members and friends, BREAKING NEWS As I write this from the Our Ocean Conference in the beautiful Pacific Island country of Palau, it is a privilege to let you know that we have more support on the way! Read more
US PLEDGES TO PLAY ROLE IN ACCELERATING INVESTMENT INTO THE OCEAN AND COASTAL COMMUNITIES
Republic of Palau, 14 April 2022 – The United States has pledged to play a leading role to support the acceleration of investment into the Ocean and the resilience of coastal communities. Read more
The work of the Alliance is being delivered with the in-kind or financial support of our full members. Additional generous financial support is provided by: