Global Fund for Coral Reefs to catalyze private sector investment blue economy
The Fund will play a vital role in unlocking major private sector investment towards coral reef conservation and restoration in developing countries.UNDP | Updated: 27-01-2021 11:44 IST | Created: 27-01-2021 11:44 IST
Our CBD colleagues recently released Global Biodiversity Outlook Five, which confirms that coral reefs “show the most rapid increase in extinction risk of all assessed groups” due to human pressures, including climate change. Image Credit: Flickr
Global climate change and localized anthropogenic stressors are driving rapid declines in coral health. The loss of coral reef ecosystems not only puts at risk one of the richest sources of biodiversity on our planet but also the security and livelihoods of at least one billion people that rely on them.