Ocean Climate Fund
Enriched UN / Multilateral · Found: 2026-03-10 13:22
Dedicated fund channeling finance toward ocean-based climate solutions including blue carbon, coastal adaptation, and sustainable ocean economy initiatives.
Source: https://oceanclimatefund.com/
Funding Details
- Funder
- Ocean Climate Fund (OCF) — co-founded by Hub Culture and Evercity.io
- Funding Goal
- Mobilise capital for sustainable solutions to ocean challenges, with an initial focus on Atlantic Rim coastal communities, integrating academic, NGO, institutional, activist, venture, and sovereign sectors
- Funding Amount
- Not publicly disclosed; fund was launched at COP29 (November 2024) and has not yet published grant sizes or call details
- Deadline
- No open call deadline — fund in early development/mobilisation phase as of March 2026 (Unknown)
- How to Apply
- Fund is in early stage and has not published a formal application process. Interested parties can explore partnership via oceanclimatefund.com/partner or contact via oceanclimatefund.com/contact-us. The fund draws on GCF and other international climate finance frameworks for governance inspiration.
- Target Region
- Initial focus: Atlantic Rim countries and coastal communities; broader global ocean scope intended
- Contact
- Ocean Climate Fund, via Hub Culture. Web: oceanclimatefund.com/contact-us. Partnership inquiries: oceanclimatefund.com/partner
- Last Checked
- 2026-03-15 13:29
Application Checklist
Eligibility
Project Scope
Required Documents
Constraints
Summary
The Ocean Climate Fund (OCF) is a newly established funding mechanism for sustainable solutions addressing ocean challenges, launched at COP29 in Baku in November 2024. It was co-founded by Stan Stalnaker (founder of Hub Culture, a digital collaborative platform), Alexey Shadrin (CEO of Evercity.io and co-lead of the Climate Chain Coalition finance working group), and Andrei Chicherin (former manager of the Private Sector Facility at the Green Climate Fund). The OCF positions itself as a collaborative instrument bringing together six categories of stakeholders: academic institutions, NGOs, institutional investors, activists, venture capital, and sovereign entities. This multi-stakeholder model reflects the founders vision of mobilising diverse forms of capital and expertise towards ocean sustainability challenges. The fund describes its first operational phase (waves) as having an initial geographic focus on Atlantic Rim countries and their coastal communities. Thematically, the OCF convenes ongoing dialogues on the regenerative ocean, covering financial mechanisms, nature-based solutions, climate feedback loops, ocean science, and ocean economies. Specific sub-themes and eligible activities have not been publicly detailed as of the launch period. The OCF draws governance inspiration and operational precedents from the Green Climate Fund, with co-founder Andrei Chicherin having previously managed GCF private sector programming. This background suggests that the fund may blend grant-making with blended finance instruments such as guarantees, equity, and concessional loans. As of March 2026, the fund is in early mobilisation and development phase. No grant calls, eligibility criteria, or application timelines have been published. The fund appears to be building its partner network and governance structure before launching formal funding programmes. Interested organisations should monitor oceanclimatefund.com and reach out through the partnership inquiry channel.
Historical Context
Launched at COP29, November 2024. Very early-stage fund — no grants disbursed as of March 2026. Track record and operational capacity not yet established. Monitor for 2026-2027 call launch.
Why it was added
Specialized ocean-climate finance mechanism, relevant for NGOs working at the intersection of ocean conservation and climate action
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