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September 2021    Download the Entire Issue (PDF) Vol. 47, No. 9   RSS Feed for Undercurrent Issues
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Insuring The Local Reef: Is this the Future of Conservation?

from the September, 2021 issue of Undercurrent   Subscribe Now

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Across the world, valuable coastal assets varying from luxury hotels to fishing villages, from roads to power lines, and from shopping centers to beach bars, are all protected from the ocean storms and waves by coral reefs. In the U.S. alone, coral reefs provide flood protection to more than $1.8 billion of coastal infrastructure and economic activity. And that doesn't even take into account the appeal that reefs hold for visitors. A recent study by The Nature Conservancy (TNC) scientists found that coral reef tourism annually generates $36 billion globally. So it seems to make sense for those who might be affected to buy insurance for a local reef, which is exactly what the Mexican fishing town of Puerto Morelos has done. (TNC is a global conservation organization dedicated to conserving the lands and waters on which all life depends.)...

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