The International Coral Reef Initiative (ICRI) has launched the Coral Reef Breakthrough in partnership with the Global Fund for Coral Reefs (GFCR) and the High-Level Climate Champions (HLCC).
About Coral Reef Breakthrough
- The Coral Reef Breakthrough aims to secure the future of at least 125,000 km2 of shallow-water tropical coral reefs with investments of at least US$12 billion to support the resilience of more than half a billion people globally by 2030.
- It was launched at the 37th International Coral Reef Initiative General Meeting.
- In addition to broad-based climate action, the Coral Reef Breakthrough will be achieved through: Stop drivers of loss (Action point 1), Double the area of coral reefs under effective protection (Action point 2), Accelerate Restoration (Action point 3) and Secure investments of at least USD 12 billion by 2030 from public and private sources ( Action point 4).
- The breakthrough will activate and enhance proven solutions and mobilize aligned actions to achieve the Sharm-El Sheikh Adaptation Agenda’s Ocean and Coastal Impact System targets and the Kunming-Montreal Global Biodiversity Framework (GBF), adopted at the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity.
Coral reefs
- Coral reefs exist in more than 100 countries and territories, and support at least 25% of marine species; they are integral to sustaining Earth’s vast and interconnected web of marine biodiversity and provide ecosystem services valued up to $9.9 trillion annually
International Coral Reef Initiative (ICRI)
- The International Coral Reef Initiative (ICRI) is an informal partnership between Nations and organizations which strives to preserve coral reefs and related ecosystems around the world.
- ICRI was launched at the United Nations Global Conference on Sustainable Development of Small Islands Developing States in Barbados in 1994. It is a network including 45 countries who represent over 75% of the world’s coral reefs.
