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Ocean Risk and Resilience Action Alliance
oceanriskalliance.orgLocations
Washington, DC, USA · A. Bonifacio, Quezon City, Metro Manila, Philippines
Size
11-50 employees
founded in
2019
Our ocean is changing faster than at any time in human history, with wide-ranging implications for coastal infrastructure, biodiversity, and the lives and livelihoods of billions of people. Coastal communities in developing countries, Small Island Developing States (SIDS), and other low-lying areas are likely to be most severely impacted, with women and girls especially hard-hit. By 2050, an estimated 800 million people will be at risk from storm surge from extreme weather events, and over 570 low-lying coastal cities will face sea level rise of at least 0.5 metres. There are many perceived barriers to investing in nature-based solutions for coastal protection. These include a lack of understanding of how investing in natural capital can provide a timely and productive return, and insufficient data and modelling capabilities for investors to quantify ocean-derived risk. There is a huge opportunity to develop pioneering finance and insurance products that reduce ocean risk and build the
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