Innovative Finance for Coral Reefs Event & Lunch

15th Dec side event at UN COP15 Montreal.

Innovative Finance for Coral Reefs Event & Lunch

The Conservation Finance Alliance (CFA), United Nations Development Programme (UNDP), Kreditanstalt für Wiederaufbau (KfW), the International Coral Reef Initiative (ICRI), Coral Triangle Initiative for Coral Reefs, Fisheries and Food Security (CTI-CFF), Global Fund for Coral Reefs (GFCR), had organized COP15’s Innovations in Coral Reef Finance. This event was carried out at Hotel Le Westin Montreal on the 15th December 2022. The event includes the launching of GFCR’s REEF+ Knowledge and Finance Accelerator which was announced by Dr Chuck Cooper, Paul G. Allen Family Foundation and presentation by CFA/ UNDP.

This session is directly in line with the anticipated Post-2020 Global Biodiversity Framework’s action-oriented targets as well as supporting transitions to resilient nature-positive economies and financial flows; specifically  leading mechanisms ready to deliver on Target 19.

The Honorable Minister of Environment, Ministry of Environment of Egypt

HE Dr. Yasmine Fouad had also deliver her remarks at this event. Our CTI-CFF Executive Director Dr Mohd Kushairi Bin Mohd Rajuddin was also one of the expert panels on “Driving Finance for Coral Resilience” which was moderated by Penny Stock of UNDP. Other 

expert panels were Global Fund for Coral Reefs (GFCR) - Yabanex Batista; Reef Restoration and Adaptation Program (RRAP) Great Barrier Reef Foundation- Cedric Robillot; and Tenaka - Anne-Sophie Roux.

Also attended at the event were representatives of the CT6 including the Philippines Under Secretary HE Mr Ernesto, Malaysia and PNG NCC representatives.