Mexico Is Saving Its Coral Reef From Hurricanes With A One-Of-A-Kind Plan

To protect the Mesoamerican Reef from the effects of climate change, key stakeholders in Mexico created the world’s first insurance policy to protect a natural asset. The policy provides an immediate infusion of cash in the event of a damaging storm, allowing hotel owners and local governments to quickly repair the reef and prevent further degradation. A volunteer corps of people called the Guardians of the Reef make those repairs. While the insurance policy doesn’t cover pollution or overfishing, this mechanism could work for reefs in other countries to restore and protect threatened ecosystems.

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