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Ocean Risk and Resilience Action Alliance

The Ocean Risk and Resilience Action Alliance, ORRAA, is a multi-sector collaboration between governments, financial institutions, the insurance industry, environmental organisations and stakeholders from the Global South.

Our purpose is to build resilience in the regions and communities most vulnerable to ocean risk, by pioneering finance and insurance products that incentivise investment in nature-based solutions. Our aim is to drive $500 million of investment into nature-based solutions by 2030, and surface at least 15 novel finance products by 2025 that incentivise private and blended finance into coastal natural capital.

Activity period 2019–present
Last CoAct update 2023
Web URL https://www.oceanriskalliance.org/
Output effectiveness
0.44
Accountability Index
0.40
Inclusiveness Index
0.39
Num. actors 51
Functions Knowledge production, Knowledge dissemination, Technical implementation, Campaigning, Funding, Policy planning
SDGs 5 9 11 13 14 17
Themes oceans and coastal zones, water
Policy focus Mainly adaptation
Sectors Agriculture, forestry and fishing, Water supply; sewerage, waste managment and remediation activities
Implementation countries Barbados, Belize, Costa Rica, El Salvador, Fiji, Ghana, Guatemala, Guyana, Honduras, India, Indonesia, Kiribati, Madagascar, Mexico, Mozambique, Nigeria, Panama, Papua New Guinea, Peru, South Africa, Sri Lanka, Tanzania, the United Republic of, Viet Nam
Target Target type
Our mission, by 2030, is to help build the resilience of 250 million climate vulnerable coastal people People/countries affected target
Aim is to drive $500 million of investment into nature-based solutions by 2030 Funding target
surface at least 15 novel finance products by 2025 Other target