September 2019: Launching the Ocean Risk and Resilience Action Alliance in New York at the UN Climate Summit

As part of the UN Secretary General’s Climate Summit, a collaborative initiative between the insurance and finance sectors, governments and environmental civil society organisations is being launched to build resilience to ocean risk in the communities and regions most affected by the changes to the ocean. Better Finance’s Tenke Zoltani, development finance advisor to UNDP, is please to be a part of the launch and an early contributor to ORRAA. The Ocean Risk and Resilience Action Alliance, or ORRAA, will pioneer ground-breaking finance and insurance products that unlock investment in coastal resilience; accelerate research to better understand and manage ocean risk; and inform policy, governance and public understanding. The Alliance is an outcome of the first held in May 2018 in Bermuda, and was an initiative presented at the 2019 G7 Environment Ministerial in Metz, France. It was the only initiative presented there that was supported by all G7 members as well as Fiji, India, Mexico and Norway.