Insuring Nature to Ensure a Resilient Future

The Nature Conservancy Tourism

Insuring Nature to Ensure a Resilient Future
Photo by Francesco Ungaro from Pexels

In 2005, Mexico’s Caribbean coast was struck by two hurricanes, causing US$8 billion in damages and closing hotels and other businesses in Cancún long enough to cause further economic impact. But some hotels and beaches in Puerto Morelos suffered less damage than other areas in the state of Quintana Roo. Further analysis pointed to an important connection—Puerto Morelos was protected by a stretch of the Mesoamerican Reef.

This finding has implications for the estimated 840 million people around the world who live with the risk of coastal flooding. For these coastal communities, natural systems like coral reefs, beaches and wetlands provide the first line of defense against storms. In fact, a healthy coral reef can reduce up to 97 percent of a wave’s energy before it hits the shore, reducing both the effects of storm surge and daily erosion to coastlines.

Read the full article here.

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