The twin crises of climate change and biodiversity loss have brought into stark relief the need for greater collaboration and action at the international level to conserve, manage, and restore coral reefs.
On July 25, 2020, a Japanese cargo ship struck a reef on the southeast coast of Mauritius, leaking tons of oil into coral reefs, pristine turquoise water lagoons and unique ecosystems of the island nation.
Conceptualized in 2020, the Global Fund for Coral Reefs (GFCR, or the “Fund”) is a blended finance vehicle that seeks to invest $500 million USD in coral reef conservation over the next 10 years.
...this report clearly demonstrates that Pacific reefs without much doubt contain the best coral reefs systems in the world and should remain in that position for the immediate decades to come
