📣 At #CBDCOP16 in Cali, Colombia, Ocean Risk and Resilience Action Alliance was delighted to unveil 5 innovative new projects that are being supported by the UK’s Department for Environment, Food and Rural Affairs. 📣
Each project will further ORRAA’s mission of building the resilience and adaptive capacity of coastal and ocean ecosystems and the coastal communities that rely on them through the development of finance or insurance products.
Learn more about these pioneering initiatives:
🌾 Tanzania and Kenya - Aqua-Farms Organization - AFO and Mawimbi Ocean Innovations are developing The Africa Fair Seaweed Facility, to build resilience for 25,000 East African seaweed farmers with sustainable technologies, with access to capital and markets through an innovative blended finance model, in Kenya and Tanzania.
📈 Tanzania - WWF-UK is piloting an innovative approach to financing sustainable blue economy enterprises in Tanzania’s Rufiji-Mafia-Kilwa (RUMAKI) Seascape, by combining different revenue streams to support conservation and livelihoods for coastal communities, scaling investment and ensuring long-term environmental and economic resilience.
💧 India – ICLEI - Local Governments for Sustainability, South Asia is developing a pioneering nature-based municipal bond to finance flood management and water quality improvements in Kochi building climate resilience and enhancing quality of life for 3.4 million coastal residents.
🔵 Dominican Republic - Fundación CI Atabey is pioneering the Dominican Republic’s Blue Carbon Exchange, with the goal of protecting 10,300 hectares of mangroves, sequestering up to 1,131 Mg/ha of carbon, and building the resilience of over 480,000 coastal residents.
🌊 Global - Nautilus, the Blue Guarantee Company, being developed by The Development Guarantee Group and the Ocean Risk and Resilience Action Alliance (ORRAA), will de-risk regenerative and sustainable blue economy sector investments through the provision of guarantees.
🔗 Find out more about ORRAA’s product pipeline: https://lnkd.in/ebyET6f2
#ORRAA #CBDCOP16 #DEFRA #NatureIsAlsoBlue
