Sustainable Finance for Asia and the Pacific: Protecting and Restoring Coral Reefs – Summary
Publication | December 2023
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Exploring the complex threats to Asia and the Pacific’s coral reefs, this brief analyzes how financial tools including parametric insurance can help restore the underwater structures and protect the critical ecosystem services they provide.
With over 80% of the region’s reefs at risk, the brief presents the first-ever reef insurance policy taken out in Mexico and considers how similar products could be adopted in the region. It identifies potential sites for reef insurance in Fiji, Indonesia, the Philippines, and Solomon Islands and underscores the need to pilot the policies that can play a key role in developing comprehensive reef management systems.
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