Ocean Risk and Resilience Action Alliance (ORRAA)

Resource type: 
Research
EU project stamp: 
No
Main entity: 
The Ocean Risk and Resilience Action Alliance
Type of entity: 
Unknown
Key themes: 
Climate change adaptation
Oceans
Societal challenges: 
Climate Resilience
Scope: 
Global
Description: 

ORRAA brings together the insurance and finance sectors, governments, non-profits, and stakeholders from the Global South to pioneer finance and insurance products that incentivise investment into nature-based solutions, with a focus on protecting the regions and communities that need it most. Our aim is to drive $500 million of investment into nature-based solutions by 2030, and surface at least 15 novel finance products by 2025. We are currently supporting a number of projects around the globe and looking to incubate more through our Ocean Resilience Innovation Challenge.

Language: 
EN