Mexico launches pioneering scheme to insure its coral reef


Climate change is a mounting threat to coral reefs, which serve not just as critical habitats for ocean life and a draw for the tourism industry, but also as a buffer to the increasing storms caused by changing weather patterns. In the first scheme of its kind, private businesses, nonprofits, and the government in Mexico's Yucatán Penninsula are combining financial resources to take out an insurance policy on their coral reefs. The insurance will help rebuild the reefs after storms and man-made damage, and fund new ways to keep them healthy.

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