Mission and objectivesCoral reefs are some of the most biodiverse, ecologically complex, and valuable ecosystems on the planet. Supporting a quarter of marine species globally, reefs provide vital ecosystem services valued at $2.7 trillion annually including food security, coastal protection, and livelihoods for more than one billion people globally. Despite their immense value, coral reefs are Earthโs most endangered ecosystems. Without urgent action and scaled resources, coral reefs could face extinction by 2050 as a result of climate change and local drivers of degradation. The Global Fund for Coral Reefs (GFCR) is a blended finance mechanism designed to address the SDG14 funding gap and support implementation of the Post-2020 Biodiversity Framework. Taking a science-based approach, this United Nations multi-partner initiative focuses on reducing local drivers of degradation in reef ecosystems that exhibit resilience to climate change (i.e., climate refugia). To facilitate blue economic transition the GFCR, with the support of the Green Climate Fund, incubates and scales investable pipelines that accelerate climate resilience for both marine ecosystems and coastal communities. Investable solutions supported by the Fund include sustainable revenue streams for Marine Protected Areas (MPAs), sustainable ocean production (i.e., fisheries and aquaculture), plastic recycling, waste and sewage management, blue carbon credits, as well as sustainable agriculture and eco-tourism. By scaling sustainable revenue streams to save reefs from the brink of extinction, the GFCR supports long-term ocean conservation aims, tackles food insecurity, and mobilises capital for climate adaptation and mitigation.
ContextThe Plastics Transition Investment Facility (PTIF) is an emerging multi-partner initiative being developed to advance practical solutions across the plastics value chain. Building on growing momentum from the international negotiations on plastic pollution and wider sustainable development objectives, the PTIF seeks to mobilise blended finance to scale upstream, midstream, and downstream interventions. Its design responds to critical financing gaps by leveraging concessional instruments, technical assistance, and risk-sharing mechanisms to enable private sector participation and investment in circular solutions. Clear governance and operational frameworks will be essential to ensure the Facilityโs credibility, alignment with global processes, and capacity to deliver transformational outcomes. The Terms of Reference represent a key step in establishing the PTIFโs Secretariat and governance structure, and require refinement to ensure accuracy, clarity, and alignment with institutional standards.
Task DescriptionSupport the review, editing, and finalisation of the draft Terms of Reference.
Competencies and values
Living conditions and remarks