The Ocean Risk and Resilience Action Alliance, ORRAA, is a multi-sector collaboration between governments, financial institutions, the insurance industry, environmental organizations and stakeholders from the Global South.
It is estimated that, by 2050, the global community will face annual costs of over $1 trillion to coastal urban areas as a result of the combined effects of rising sea levels and extreme weather events. The changes in our ocean are also expected to cause the displacement of many coastal communities, and the destruction of precious biodiversity. The scale and urgency of the challenges posed by ocean-derived risks call for a transformative and global response.
Read more at our website https://www.oceanriskalliance.org/
The pdf below provides more information on ORRAA and funding.