      ICONIQ Capital · 2023-12-12
      · 905d
    

ICONIQ Impact Launches $50M Ocean Co-Lab for Climate Solutions and Coastal Resilience

ICONIQ Impact announced the Ocean Co-Lab, a $50 million collaborative philanthropy fund supporting 20 organizations addressing ocean-based climate solutions and coastal ecosystem resilience. The fund targets a critical gap where ocean-based solutions could deliver up to 35% of needed emission reductions but currently receive only 7% of climate funding. The initiative provides three-year grants across climate mitigation, carbon sequestration, blue carbon protection, and adaptation programs.

8 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Grant Duration

3years

standard

project funding period

Mobilized Capital to Date

42$M

current

Ocean Co-Lab funding secured

Number of Supported Projects

20projects

exact

Ocean Co-Lab grantees

OCEaN Coalition Participation

32organizations

since 2020

NGOs, TSOs, and wind developers in Offshore Coalition for Energy and Nature

Ocean Climate Solution Funding Share

7%

current

proportion of total climate funding

Ocean Co-Lab Fund Size

50$M

up to

collaborative philanthropy fund for ocean climate solutions

Ocean Funding for Climate

1%

less than

ocean funding directed toward climate solutions

Ocean Solution Mitigation Potential

35%

up to

emission reductions needed to stay below 1.5°C warming