The GBRF was recognised for its plan to bring an innovative financing mechanism in the form of a bond, which it developed in conjunction with Goldman Sachs Australia and KPMG. This new fundraising framework aims to fund a substantial portfolio of research required to support the GBRF’s mission of protecting and preserving Australia’s Great Barrier Reef.

GBRF will deliver a comprehensive research program focused on enabling coral reefs to successfully adapt to climate change.

Subject to Federal Government approval, this bond has the potential to deliver a highly replicable funding solution for a range of environmental and social issues globally.

The Clinton Global Initiative, established in 2005 by President Bill Clinton, convenes global leaders to devise and implement innovative solutions to some of the world’s most pressing challenges.

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Rachel Purchase

• Professional development for less than $6 per month
• Budget implications for the non-profit sector
• ACOSS: Budgetary measures welcome, but more can be done
• Snap-shot: Associations and the 2011–2012 Budget