On the Mesoamerican Reef, a model for insuring nature's future

In Puerto Morelos, the 100-mile stretch of the Mesoamerican Reef is insured. The model was born out of a collaboration between the local government, hotel owners, an international NGO, and an insurance behemoth, who got together to create a trust. The trust was funded by the local government which used hotel taxes to pay for the reef's maintenance. 80 percent of the coral in the reef has been lost or degraded since the 1980s, but insuring a natural asset might provide a conservation model for other cities.

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