The UK becomes newest member in global alliance.
The UK recently joined an alliance targeted towards the protection of oceans and communities at risk across the globe.
The target of driving £352 million of global investments into nature based solutions to climate change is of high importance to The Ocean Risk and Resilliance Action Alliance (ORRAA)
The money that will be gained from investments will be used for the enhancement of marine and coastal ecosystems including reefs, seagrass beds and mangroves in the hopes to increase resilliance to climate change and lessen the impact made to coastal communities.
“I am delighted the UK is moving to full membership of the Ocean Risk and Resilience Action Alliance. Our shared ocean is critical to the economic, social and environmental well-being of people and the planet but is currently facing unprecedented pressures.”
International Environment Minister, Lord Zac Goldsmith announced that after Canada, the UK becomess the seecond of the G7 countries to become full members of the alliance. Will we now begin to see the others follow?
“Ocean action is climate action. This is why we continue to champion global efforts towards marine protection, committing to increasing support for the Alliance as well as our existing 30×30 campaign.”
Chip Cunliffe, Co-Chair of ORRAA also commented on the importnce of the UK joining the alliance “hugely important, especially given the country’s current global leadership through the G7 and COP26 presidencies”.
He continued “Our Alliance is uniquely placed to bring public and private stakeholders together to drive investment in nature-based solutions and to build resilience in vulnerable coastal communities.
“Having the UK actively involved will help boost our multi-sector collaboration of governments, the finance and insurance sectors, NGOs and civil society – all working together to accelerate action, innovation and capital to secure positive outcomes for the ocean.”