Mapping the Global Funding Landscape for Coral Reef Restoration
ICRI has published a new report on the current state of coral restoration funding.
A desktop analysis identified 61 potential funders and an online survey gathered perspectives and funding information from 137 coral reef restoration managers and practitioners. Altogether, US$258 million has been invested in coral reef restoration efforts across 56 countries in the last decade, which is encouraging but still a small fraction of the US 1.9 billion reported for coral reef and associated ecosystems between 2010 and 2016 (UNEP et al. 2018). Key finding includes that 1) funding for coral reef restoration has been dominated by government grants and investments from the private sector, 2) there are regional differences in funding which highlight disparities between developed and less developed nations, and 3) timeline of funding are dominated by short-term grants which are often inadequate to support long-term coral reef restoration efforts.