The Ocean Risk and Resilience Action Alliance (ORRAA) is the only multi-sector collaboration connecting the finance and insurance sectors, governments, multilateral organisations, civil society, and academia to pioneer finance and insurance products that incentivise investment into coastal and ocean resilience, and a regenerating ocean through Nature-based Solutions.
The mission, by 2030, is to activate at least $500 million of investment through finance and insurance products to build the resilience of 250 million climate vulnerable coastal people in the Global South.
ORRAA is delivering system-wide change by growing an investable product pipeline and generating the transformative investment instruments, vehicles and policies that contribute to a regenerative and sustainable ocean and blue economy. These solutions enable coastal communities and the Ocean to adapt and thrive, creating greater economic, social and cultural resilience.
Our work bridges local and global efforts through a three-pronged strategy from beachfront to boardroom, that ensures alignment across community-driven initiatives; public and philanthropic sector policy, regulation and support; and private-sector investment.
This integrated and systemic approach addresses critical challenges including the perceived lack of an investable product pipeline, risk and market fragmentation, and limited understanding of the regenerative and sustainable blue economy space. It also highlights interconnections to other Sustainable Development Goals (SDGs) and importantly, the incredible investment opportunities in the regenerative and sustainable ocean economy that are often hidden in plain sight.
A regenerative and sustainable blue economy – six investment sectors:
Ocean Conservation
Investment into projects to improve biodiversity and resilience in coastal communities, creating business opportunities through marine protected areas, ecotourism, payments for ecosystem services and blue carbon
Sustainable Seafood
Capital and technical resources for best practice aquaculture and wild-caught seafood businesses and supply chains, particularly in emerging markets and SIDS that can be certified sustainable and access high-value markets globally
Circular Economy and Blue Technology
Businesses that leverage ocean assets or directly prevent ocean degradation by using innovative new techniques or technologies such as plastic upcycling and waste management
Sustainable Blue Infrastructure
Technologies and efficiencies, including green/blue solutions to freight and passenger shipping and green ports
Ocean-based Renewable Energy
Small-scale wave, solar and tidal power where the investment provides innovation or uniquely leverages the Ocean without detriment to biodiversity
Ridge to Reef
Investment into integrated solutions between agriculture, sustainable forestry and land use, recognising the importance of watersheds and coastal management
The Ocean Risk and Resilience Action Alliance (ORRAA) is the only multi-sector collaboration connecting the finance and insurance sectors, governments, multilateral organisations, civil society, and academia to pioneer finance and insurance products that incentivise investment into coastal and ocean resilience,…
The Ocean Risk and Resilience Action Alliance (ORRAA) is the only multi-sector collaboration connecting the finance and insurance sectors, governments, multilateral organisations, civil society, and academia to pioneer finance and insurance products that incentivise investment into coastal and ocean resilience,…
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