Quantcast
Environmental News for a Healthier Planet and Life

Cancun Businesses Take Out Insurance Policy on a Coral Reef

Popular
Aerial view of Cancun coastline. Dronepicr / Wikipedia / CC BY 3.0

Buying insurance is one way to protect something of value, such as a car or a home. And now businesses in Cancun, Mexico, have insured a coral reef.


"The coral reef actually reduces the risk of storm impact on the hotels and resorts in Cancun," Dave Jones said. He's with the Nature Conservancy and is the former insurance commissioner of California.

He said a healthy coral reef can reduce 97 percent of a wave's energy as it barrels toward land.

"So having a healthy coral reef makes a big difference in terms of whether the hurricane or storm is going to destroy your community or not," he said.

But a reef can also be damaged by a strong storm, which puts communities at greater risk in the future.

So in the Mexican state of Quintana Roo, coastal property owners pay a fee that helps fund an insurance policy for the nearby reef and beaches.

"If a storm of a certain magnitude hits, the policy pays out," Jones said.

The money will be used by local residents trained to remove debris that could cause further damage, reattach coral pieces and set up nurseries where corals can regrow.

Jones says it's a way to pay for the restoration of an ecosystem that can, in turn, protect people from the intensifying effects of global warming.

Listen below:

Reposted with permission from Yale Climate Connections.

EcoWatch Daily Newsletter

Pexels

By Charli Shield

At unsettling times like the coronavirus outbreak, it might feel like things are very much out of your control. Most routines have been thrown into disarray and the future, as far as the experts tell us, is far from certain.

Read More Show Less
Pie Ranch in San Mateo, California, is a highly diverse farm that has both organic and food justice certification. Katie Greaney

By Elizabeth Henderson

Farmworkers, farmers and their organizations around the country have been singing the same tune for years on the urgent need for immigration reform. That harmony turns to discord as soon as you get down to details on how to get it done, what to include and what compromises you are willing to make. Case in point: the Farm Workforce Modernization Act (H.R. 5038), which passed in the House of Representatives on Dec. 11, 2019, by a vote of 260-165. The Senate received the bill the next day and referred it to the Committee on the Judiciary, where it remains. Two hundred and fifty agriculture and labor groups signed on to the United Farm Workers' (UFW) call for support for H.R. 5038. UFW President Arturo Rodriguez rejoiced:

Read More Show Less
Sponsored
A woman walks to her train in Grand Central Terminal as New York City attempts to slow down the spread of coronavirus through social distancing on March 27. John Lamparski / Getty Images

By Julia Conley

A council representing more than 800,000 doctors across the U.S. signed a letter Friday imploring President Donald Trump to reverse his call for businesses to reopen by April 12, warning that the president's flouting of the guidance of public health experts could jeopardize the health of millions of Americans and throw hospitals into even more chaos as they fight the coronavirus pandemic.

Read More Show Less
polaristest / Flickr / CC BY-NC-ND 2.0

By Melissa Kravitz Hoeffner

Over six gallons of water are required to produce one gallon of wine. "Irrigation, sprays, and frost protection all [used in winemaking] require a lot of water," explained winemaker and sommelier Keith Wallace, who's also a professor and the founder of the Wine School of Philadelphia, the largest independent wine school in the U.S. And water waste is just the start of the climate-ruining inefficiencies commonplace in the wine industry. Sustainably speaking, climate change could be problematic for your favorite glass of wine.

Read More Show Less
Pixabay

By Rachael Link, MS, RD

Spinach is a true nutritional powerhouse, as it's rich in vitamins, minerals, and antioxidants.

Read More Show Less