Driving investment into ocean resilience
A resilient, Net Zero and economically secure world is not possible without a healthy, regenerating ocean.
The Ocean, one of the planet’s greatest assets, is in crisis. Heating, leading to extreme weather events, sea level rise, and adverse ecosystem changes as well as pollution, overfishing and destructive fishing, rising levels of acidity and biodiversity loss all jeopardise its health.
Rebuilding and restoring ‘blue nature’ means protecting the critical impact buffers and biodiversity reservoirs that provide food, social and economic security to billions of people and businesses across the world.
Immediate and scaled action is needed to build resilience to change
The Ocean Risk and Resilience Action Alliance (ORRAA)’s mission is to drive at least USD$500 million of investment into coastal and ocean natural capital and surface at least 50 novel finance products by 2030, positively impacting the resilience of at least 250 million climate vulnerable people in coastal areas around the world. We are the only multi-stakeholder alliance working in ocean finance that brings insurers, banks, governments, academia and civil society together. We work across geographies – with a focus on the Global South – pioneering, piloting, and scaling innovative finance products that invest in coastal resilience.
Financial Innovation
Financial Innovation
We are driving the creation of a new global ocean financing ecosystem to enable a step change in the scale of finance channelled towards the Ocean and coastal communities.
Pioneering, surfacing and incubating at least 50 innovative and scalable finance and insurance products to protect and regenerate valuable coastal and ocean natural assets while delivering a return on investment by leveraging and influencing public, philanthropic and private capital.
Science & Research
Science & Research
Accelerating research and modelling on ocean risk and resilience to inform financial innovation and policy action that reduces the impacts of climate and ocean change through better understanding, analysis, prediction, modelling, and management of ocean risk; and improving the design and implementation of gender-sensitive ocean resilience projects in key vulnerable regions.
Policy & Governance
Policy & Governance
Informing, advancing and driving public and private policy commitments and action that value nature, build coastal resilience, reduce ocean risk, and accelerate the delivery of the Sustainable Development Goals (SDGs); by acting as a connector and catalyst for cross-sector collaboration across the Global North and South; and advancing global action to address ocean risk and improve coastal resilience, with policymakers, finance leaders and investors.
SCIFF
Ocean risk and climate risk equals financial risk, so it is critical to work beyond individual projects to scale investment at speed. With our partners, we are developing a global coastal and ocean financing architecture: the Sea Change Impact Financing Facility (SCIFF), an open design structure to rapidly increase investment into sustainable initiatives and projects that expand and protect coastal and ocean nature to enable greater resilience.
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