In the face of increasing threats to coral ecosystems and the recent announcement of a fourth global coral bleaching event, the Global Fund for Coral Reefs (GFCR) Executive Board has announced over US$25 million in additional grant funding to scale-up resilience efforts across coral nations. Announcements include a new blended finance programme for Egypt’s Red Sea, funded by the United States Agency for International Development (USAID). “Without collective action at pace and scale, scientists estimate that 90% of remaining coral reefs may be lost by 2050, with dire consequences for…
Read MoreGlobal Fund for Coral Reefs approves more than US$25 million in additional funding for resilience action
