GFCR Project
INTERNATIONAL CLIMATE FINANCING
Global Fund for Coral Reefs Investment Window (GFCR)
| Project Name | Global Fund for Coral Reefs Investment Window (GFCR) |
|---|---|
| Accredited Entity | Pegasus Capital Advisers |
| Year of Approval | 2021 |
| Duration | 15 years |
| Sector | Ecosystems |
| Amount | 500 million USD |
| Geographic Scope | Regional — 17 countries |
| Climate Use | Adaptation |
| Contents | The objective of the Global Fund Investment Window for Coral Reefs (GFCR) is to catalyze private commercial investment in blue economy initiatives that protect, restore and strengthen the resilience of coral reef ecosystems vulnerable to climate change. When using a mixed financing structure — based on an initial share of the Green Climate Fund risk capital worth 125 million US dollars — the fund reduces the risks of coastal companies, allowing them to overcome market barriers that normally distance traditional investors. By applying capital to sustainable aquaculture, eco-tourism favourable to reefs and coastal waste management in 17 developing countries, the project aims to transform local economies, away from destructive marine practices, while ensuring the long-term survival of core coral networks and coastal communities. |
