In Mexico’s state of Quintana Roo, the state government, hotel owners, The Nature Conservancy and the local science community are piloting an innovative strategy to finance coral reef conservation and restoration. The new Coastal Zone Management Trust will finance ongoing maintenance of reefs and beaches and purchase the first ever insurance policy on a coral reef. This will help ensure reefs are restored after extreme storms hit so they can continue to protect vulnerable coastal communities and the $9 billion tourism economy in Quintana Roo.
Taking to the Sky to Save Coral Reefs in the Caribbean
The Nature Conservancy is developing a new level of coral understanding in the Caribbean—providing never-before-seen detail that can support smarter planning and decision making. Working with the Carnegie Institution for Science and Planet, a group specializing in state-of-the-art satellite imaging technologies, we are taking to the sky to better see underwater.
TNC’s Mapping Ocean Wealth initiative is developing new information about how and where the most important benefits produced by coral reefs are located. The Atlas of Ocean Wealth is the world’s largest collection of spatial information tracking the natural resources provided by oceans. The database quantifies what the oceans and coral reefs provide to people and where those benefits accrue. The government of Bahamas will use Ocean Wealth data about coral reef fish production to design new Marine Protected Areas, doubling the area protected to meet national goals under the Caribbean Challenge.