It has been stated time and again that in order to protect the future, we must fix what’s wrong in the past and ensure that we are doing our best to serve the nature in a way that everything is well taken care of. Keeping that in mind, this brings me to a news about a new funding system that has come up in Mexico, and this system will buy insurance that will be able to pay off for projects that will be dedicated to protecting the reefs whenever the storm surges hit.
Nature is one of the most powerful tools for protecting the future, and there is no denying that, however, in order to make sure that we can fully utilize nature, we need to understand how to use whatever resources we have. According to a research, natural resources that we have access to such as reefs, mangroves, floodplains, as well as saltwater marshes are great for buffering coastlines, and in addition to that, they are also really good at absorbing wave energy, and drastically reduce erosion, something that can result in the coastal communities being a lot more resilient.
Not many are aware of the fact that at least 500 million people get their food from coral reefs, and the same goes for having their livelihood and coastal production. Considering how reefs are such an amazing way of defending the places, as well as people, it is necessary to know that reefs are pressure, and the results are critical. The main reason of the loss are hurricanes. Not only that, there are some other economic effects that are in play; because of damages caused by reefs; tourists start visiting them a lot less, and this ends up impacting the employment of tourism industry, and ends up rising the beach erosion.
The good thing is that the damage can be decreased by doing clean ups right after the storms, as well as restorations, but the downside to this is that there is going to be a need for money.
The good thing is that there is a sliver of hope, and that is that the world is actually close to developing the first ever insurance policy on coral reef. This is all thanks to the establishment of a trust fund that was announced by the governor of the State of Quintana Roo in Cancun Mexico.
Thanks to the establishment of this fun, and the insurance policy in place, it will be great way to protect the nature by spending money on ensuring that some of the best resources are actually protected as well. Keep in mind that the process is still under work, but the good news is that it is being taken with all seriousness, and we expect to see it become even more prominent in near future.
This earth was given to us more or less, and the protection of this place is something that completely relies on us, and we must protect it.