Global Fund for Coral Reefs - Fondation Prince Albert II de Monaco

Enriched family-office · Found: 2026-03-11 08:12

The plan is to mobilize $125 million in grants in $500 million in financial assets which, together, will unlock more than $2 billion in investments for the ...

Source: https://www.fpa2.org/en/initiatives/global-fund-for-coral-reefs-008

Funding Details

Funder

Global Fund for Coral Reefs (GFCR)

Funding Goal

Protect and restore coral reef ecosystems globally by mobilising public and private finance. Supports reef-positive businesses, sustainable finance mechanisms for marine protected areas (MPAs), and innovative solutions addressing causes of ecosystem stress across 20+ developing nations.

Funding Amount

Target capitalisation of $740 million; plan to mobilise $125 million in grants and $500 million in financial assets to unlock over $2 billion in total investments. Administered through the GFCR UN Fund (grants, technical assistance, concessional finance) and GFCR Equity Fund (commercial investments).

Deadline

Rolling basis (Rolling)

How to Apply

Projects are channelled through GFCR's consortium of on-site partners (international and national conservation and sustainable investment leaders) who provide incubation services and pipeline development at country and regional levels. Direct application portal not publicly listed; contact through globalfundcoralreefs.org.

Target Region

Global, primarily 20+ developing nations with coral reef ecosystems (Pacific Islands, Caribbean, Indian Ocean, Southeast Asia including Indonesia, East Africa including Zanzibar)

Contact

https://globalfundcoralreefs.org/contact/

Official Page

https://globalfundcoralreefs.org/

Last Checked

2026-05-07 03:55

Application Checklist

Eligibility

• Access is primarily through GFCR's consortium of on-site implementation partners, not direct open call
• Eligible organisations include conservation NGOs, sustainable investment leaders, and reef-positive businesses

Project Scope

• Project must have a direct positive impact on coral reef resilience and coastal ecosystems
• Implementation must be locally driven and follow an integrated ecosystem-based approach
• Geographic focus: developing nations with coral reef ecosystems (Pacific, Indian Ocean, Caribbean, SE Asia, East Africa)

Constraints

• Equity Fund component requires commercially viable business models with reef-positive impact
• Projects should demonstrate scalability and replicability beyond initial funding period

Summary

The Global Fund for Coral Reefs (GFCR) is the world's leading financial vehicle dedicated to ensuring a future for coral reef ecosystems. As an implementation vehicle for the Global Biodiversity Framework and SDG 14, GFCR strengthens the resilience of coastal reef ecosystems, communities, and economies by mobilising new public and private resources for sustainable businesses and innovative financial solutions. Thematic scope encompasses coral reef conservation and restoration, marine protected area financing, reef-positive business development, sustainable fisheries and aquaculture, ecotourism, wastewater treatment, waste sorting and recycling, blue carbon markets, biodiversity credits, reef insurance, debt-for-nature swaps, payment for ecosystem services, and conservation trust funds. The programme works through five interconnected pathways: finance mechanisms, ocean-positive businesses, national investment ecosystems, knowledge and learning, and global ocean finance and policy. Eligible activities include grants, technical assistance, and concessional finance through the GFCR UN Fund, as well as equity investments through the GFCR Equity Fund managed by Pegasus Capital Advisors with junior anchor investment from the Green Climate Fund. On-site partners provide incubation services, pipeline development, and country/regional implementation support. Geographic scope covers 20+ developing nations with coral reef ecosystems including Pacific Island states, Indonesia, East Africa (Zanzibar), Caribbean, and Indian Ocean regions. Focus is on 'coral refugia' — habitats demonstrating resilience to climate change. Projects are locally driven and ecosystem-based. Eligible applicants include international and national conservation organisations, sustainable investment leaders, reef-positive businesses, and financial mechanism developers. Projects must have a measurable positive impact on coral reef resilience while providing sustainable benefits for ecosystems, economies, and local communities. Partnerships between conservation and finance actors are prioritised. Target beneficiaries are coastal communities dependent on coral reef ecosystems, particularly in developing nations. 2030 impact targets include 400+ reef-positive businesses, 30,000+ directly supported reef-positive jobs, 20 million+ community members with increased resilience, 3 million hectares of coral reef under improved management, and 7.5 million hectares of MPA with sustainable financing support. Total capitalisation target is $740 million, with $248 million already secured.

Historical Context

Initiated by the Prince Albert II of Monaco Foundation and the Paul G. Allen Family Foundation following a workshop in Monaco in 2018. Officially launched 16 September 2020. Operates as the first United Nations trust fund specifically focused on SDG 14 (Life Below Water) and the first global blended finance instrument devoted to coral reefs. Administered by the UN Multi-Partner Trust Fund Office.

Sources

• https://www.fpa2.org/en/initiatives/global-fund-for-coral-reefs-008
• https://globalfundcoralreefs.org/
• https://globalfundcoralreefs.org/about/

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