The amount of protection afforded by mangroves depends upon the width of the forest. By comparing data from more than 22 sites around the world, researchers are able to provide powerful hypotheses about how climate change is affecting mangroves and suggest ways to mitigate these effects and protect mangrove ecosystems Finally, specific locations where mangrove insurance products would be most viable will be identified in consultation with local stakeholders. Lastly, their roots provide nurseries for fish and filter pollutants from runoff into the ocean which, again in turn, helps maintain biodiversity. 0000035146 00000 n The Mangrove Act does not distinguish between living and dead mangroves, so the same trimming regulations apply to each. %%EOF The 1996 Mangrove Trimming and Preservation Act defines a mangrove as any specimen of the species Laguncularia racemosa (white mangrove), Rhizophora mangle (red mangrove) or Avicennia germinans (black mangrove). Home to an incredible selection of species, mangroves are biodiversity hotspots. Chip Cunliffe is AXA XL's Director of Sustainable Development and manages AXA's Ocean Risk Initiative. Niez took photos and posted them on social media, sharing that the man, Gary Dabasol, has planted and maintained the mangroves for five years now. In 2012, he launched AXA's Ocean Education program. Fortunately, the rate has slowed substantially in the last two decades, but finding ways to restore historical losses and slow or reverse any new loss is critical because mangrove forests provide a suite of important ecosystem services. Plant your own mangrove tree with SeaTrees! They are a hardy species that inhabits the intertidal zone, on State “land”, and if they are left alone or lightly managed they regenerate. Why mangroves matter. Find out more by reading the full recap of its launch. But once lost, mangroves are very difficult to replant due to shifts in the very sediments the roots helped keep in place. They actually protect the land from the impact of the sea. Home to an incredible selection of species, mangroves are biodiversity hotspots. Plus, mangroves also serve as a home for different kinds of marine life, including the endangered sea turtles, more … xref Mangroves are one of the most important and productive ecosystems on earth, providing a host of invaluable ecosystem goods and services to local people and the wider world. Mangrove forests protect inland areas by absorbing ocean wave energy and by buffering coastal communities from the impacts of storm surge and flooding; that protection, in turn, helps support tourism-related economies. Ancient mangrove forests, such as those buried in the coastal regions of the Caribbean, can protect buildings against earthquakes, according to researchers working on the French island of Guadeloupe.. Mangrove protection from cyclones also reduces longer term deterioration of low-lying inland areas with rising sea levels. Mangroves are flood buffers and they also help in stabilizing the climate by moderating temperature, humidity, wind and even waves. 1. These coastal forests provide vital services to humans and wildlife, but mangroves are threatened throughout the world and disappearing at an alarming rate. 0000001756 00000 n Why protect mangroves? 0000236885 00000 n Despite the state government and High Court-appointed mangrove protection and conservation committee ordering transfer of all mangroves … Share these facts about mangroves and help make a difference. So, for now, we can only ask you “ let’s protect the mangrove ecosystem ” the mangrove, associated species and humanity will thank you. The literature has been surveyed by Ken Krauss and Michael Osland in a new paper Tropical cyclones and the organization of mangrove forests: a review. The Global Mangrove Alliance just launched a new collaborative tool to foster data harmonisation and user engagement all about mangroves. Updated: ... "Mangrove safaris do help make people understand the importance of mangroves in … We won't set optional cookies unless you enable them. 0000234137 00000 n Chip Cunliffe (CC): The report Mike and the team developed represents a specific, tangible example of how multidisciplinary approaches involving experts—here, for instance, in marine ecosystems, risk modelling, insurance and finance—can produce the evidence needed to create cost-effective solutions for building resilience. The findings, which are consistent with other research, add urgency to the effort to protect mangrove forests, which worldwide are disappearing faster than rainforests. One of the primary benefits of parametric insurance is that payouts can be made quickly once agreed threshold values from objective, third-party sources are exceeded; on-the-ground damage assessments aren't needed. (A Fast Fast Forward article describing the programme in Quintana Roo is here.). Likewise, the growth of coastal aquaculture, poor development choices, timber harvesting, and pollution runoff have all been linked to mangrove forest degradation or destruction. Additionally, mangroves absorb atmosphere-warming carbon dioxide and sequester this carbon for centuries in the underlying soil. Global Asset Protection Services, LLC, and its affiliates (“AXA XL Risk Consulting”) provides risk assessment reports and other loss prevention services, as requested. SEP has presented Bhandup wetlands as a unique model for the city where mangrove are under constant threat. Learn how AXA XL continued to serve clients remotely and, in the process, found more opportunities to develop closer relationships and introduce new, Determining property value adequacy is one of the biggest challenges among both Insurers and Risk Managers alike. Fast Fast Forward talked with Dr. Michael W. Beck and Chip Cunliffe about the role mangrove forests play in safeguarding coastal areas and how insurance could cost-effectively help protect and restore these uniquely valuable ecosystems across the Caribbean region. What was the aim of this research and what did it encompass? Mangroves’ dense root systems inhibit the flow of tidal water and encourage the deposition of nutrient-rich sediments. Experts therefore believe that these mangroves belong to ancient biogenetic pools.The good underground supply of brackish water, which helps in dispersal of seeds and propagation. Here are 3 ways you can protect mangrove forests for the planet and future generations. To Preserve, Protect and Plant Mangrove Forests That’s where the Mangrove Action Project comes in, their mission is to restore and conserve mangroves ecosystems worldwide. These coastal forests provide for communities and the communities, in turn, protect the mangroves. Mangroves protect the coast from erosion due to wind, waves, and water currents and protect coral reefs, sea-grass beds, and shipping lanes from accumulation of silt. His work has been spotted by netizen Dan Niez, who visited a beach Barangay Punong in October. On World Mangrove Day, CI’s manager for oceans and climate, Jorge Ramos, unveils the Alliance’s strategy to protect them. You can help by supporting groups who work to protect and restore mangrove habitats, and eating sustainably-caught seafood. Tweet; Mangroves, like the ocean and the reefs, surround or should surround Fiji. What can we do to help protect our mangroves? 0000001330 00000 n HOW CAN WE PROTECT MANGROVES? "%Y�E�V�1��Y,�*���. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state. Finally, based on these benefit-cost analyses, we carried out a high-level market assessment of different countries' capabilities for insuring these valuable natural assets. By acting now to save these vulnerable habitats, we can build a future where both mangroves and mankind thrive. x�b```e``1�L�@��(���q����.��٧q��I� �IKˀ�r�U! Insurance Company. They live in more than 100 countries and can grow quickly (like weeds) with their "knees" partly to fully submerged in saltwater. Why mangroves matter. It didn't conclude that any one of these three options is best as each has plusses and minuses. In order to protect a coastal wetland, it is necessary to protect the whole watershed. 45 0 obj <>stream Conservation. 0000009304 00000 n With leadership from The Nature Conservancy, the government in Quintana Roo, Mexico, has enacted a programme for insuring coral reefs along parts of the "Mexican Riviera". They can form dense thickets even in urban settings if they are given half a chance. It is the world's most comprehensive mangrove monitoring tool built to catalyse the action needed to protect and restore mangroves. Support the enforcement and implementation of fishery laws and laws protecting coastal habitats. Around the world, communities depend on mangroves for food, protection, and income. Ecuador, have created a program that gives mangrove concessions to the communes or associations … This project can create a great opportunity for the students, teachers, researchers and others to get profound knowledge about the mangroves from the experienced local people. Mangroves provide valuable protection for communities at risk from sea-level rises and severe weather events caused by climate change. <<51F7CFDC5CDE6C4182D4C2FC7FD24FAF>]>> They educate the public regarding the vital role that mangroves play and provide training to communities enabling them to protect and sustainably manage their mangrove resources. Mangroves help protect sensitive coastal habitats like coral reefs and seagrass beds by filtering and trapping sediments, heavy metals and other pollutants with their dense network of roots from flowing further downstream in waterways to the sea. In brief, we coupled probabilistic assessments of offshore storm conditions with coastal flood models to measure the flooding that would occur, both with and without mangroves, for all 700,000 km of mangrove coastline around the world. Date Initiated: 1990. Buried mangrove forests act as earthquake-resistant foundations for buildings, a study in the Caribbean has found. Mangroves reinforce shorelines and store huge quantities of carbon, so protecting them is an effective climate strategy. Chip is based in London and can be reached at chip.cunliffe@axaxl.com. When diverted inland, seawater may contaminate farmland or freshwater below the ground. Some hard lessons have been learned along the way that can be summarized as: Don't plant mangroves species where they did not previously grow. 0000002798 00000 n Save where expressly agreed in writing, AXA XL Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with this publication, including indirect or consequential loss or damage, howsoever arising. 0000001525 00000 n Dr. Beck is a Research Professor at the University of California, Santa Cruz and was the report's co-lead author. 0000008084 00000 n 0000020127 00000 n startxref I would also note that insuring natural assets—such as mangrove forests—due to their value to coastal communities is a relatively new concept. The report also found that although the U.S. and the Bahamas have the most robust insurance markets, mangrove forests' protective benefits are also very significant in the Dominican Republic and Jamaica due to their high population densities. His work has been spotted by netizen Dan Niez, who visited a beach Barangay Punong in October. They are the only trees that tolerate saltwater. Earlier in January, the Bombay High Court had rapped up the civic body of Navi Mumbai for failing to protect mangroves in the area. 0000024119 00000 n It’s a relationship found all over the world across the more than 100 countries where mangroves guard the coast. While they may protect shorelines from cyclones, how does a hit from a hurricane affect the mangroves? What is the current status of mangroves around the world? This paper evaluates whether mangroves can mitigate the impact of hurricanes on economic activity. Mangrove roots stabilize coastal soils, reducing erosion and flood levels during storms, while forests buffer shorelines from the full impact of waves. MANGROVE EXTENT >1.5 MILLION ACRES . Feb 14, 2017 9:56:49 AM / by James Sloan. Mangroves in and around Mumbai have undergone massive destruction. 0000031884 00000 n Dr. Michael Beck (MB): In recent years, my research has focussed on the role of mangroves and coral reefs in reducing waves and storm surge and in limiting coastal flooding and erosion. We combined these modelled benefits with estimated restoration costs from more than 72 projects to develop explicit benefit-cost ratios for individual 20-kilometre study units. Both the Urban Planning Council (UPC), the body charged with overseeing all development in the city, and the Environment Agency Abu Dhabi (EAD) yesterday announced new planning guidelines for the new Eastern Mangrove Lagoon National Park. The role of mangroves in coastal risk reduction 13 2.1 Mangroves reduce wave damage 14 2.2 Mangroves reduce damage from large storms 16 2.3 Mangroves can help to reduce tsunami damage 18 2.4 Mangroves reduce erosion and bind soils together 20 2.5 Mangroves … Alternatively, a combined parametric-indemnity insurance product could be created where some of the funds are released immediately post-storm through the parametric portion, and the remaining payouts made after on-site damage assessments. Any party who chooses to rely in any way on the contents of this document does so at their own risk. We also examine how global climate change is intensifying these threats to low-lying coastal areas around the world. 0000224622 00000 n The literature has been surveyed by Ken Krauss and Michael Osland in a new paper Tropical cyclones and the organization of mangrove forests: a review. 0000016646 00000 n Among the two, the Shravan Kadavia grove has been degrading rapidly. That means, in turn, that the funding source(s) and beneficiaries of the programme will significantly influence how a mangrove insurance scheme is structured. Mangrove forests protect uplands from storm winds, waves and floods. Mangroves in and around Mumbai have undergone massive destruction. Mangrove forests protect inland areas by absorbing ocean wave energy and by buffering coastal communities from the impacts of storm surge and flooding; that protection, in turn, helps support tourism-related economies. What is a mangrove? CC: As the report notes, mangroves are threatened by a number of different factors, both natural and human-made. Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. This coverage, however, is drastically smaller than what it once was; between 1980 and 2005 about 20% of mangrove forests were lost globally and the overall historical loss is probably 50% or more. Coastal forests help the fight against global warming by removing carbon dioxide from the atmosphere, most of which is stored within the plant. 0000000016 00000 n Start mangrove safaris to protect Uran's biodiversity: Environmental group. Last week, The Nature Conservancy and University of California, Santa Cruz published a report entitled Reducing Risk through Mangrove Protection & Restoration: Opportunities for Cost-effective Investment and Insurance in the Caribbean Region, with support from AXA XL. Taking the right steps to protect mangroves. Mangrove trees' thickets of stilt-like roots protect coastal land from erosion and help mitigate the damage of tsunamis and hurricanes.They may also serve as a … Continued mangrove expansion could increase carbon storage along coastlines. To conserve mangroves should involve of the locals. trailer Mangroves also protect coastal areas from erosion by creating a buffer zone, filtering and pacifying tidal flows, and can even reduce the damage and loss of life caused by tsunamis. Coastal wetlands protect the shoreline from erosion by acting as a buffer against wave action as in the case of coastal mangroves. Partner with us. Mangrove trees' thickets of stilt-like roots protect coastal land from erosion and help mitigate the damage of tsunamis and hurricanes.They may also serve as a … 0000000996 00000 n Globally, mangroves protect 15 million people from flooding and also reduce flood damages by US$65 billion every year 1. I'll skip the details on how we assembled mammoth datasets and ran several thousand simulations showing likely flood damages (impact) along with avoided damages (mangrove benefits). 0000215777 00000 n 0000042087 00000 n Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. mangrove ecosystems in coastal protection from wind, swell waves, storm surges and tsunamis; to provide an overview of the key factors which effect the level of protection that is offered and to demonstrate the benefits of protecting mangroves in the British Virgin Islands. And for many countries, this study provides the best national-level estimate of flood risk. That, in a nutshell, was the basis for preparing this report. The organic silts and sediments settle and, warmed by the sun, provide ideal condi- 0000002833 00000 n 0000036012 00000 n Dr. Michael W. Beck is a Research Professor at the University of California Santa Cruz and the head of the Coastal Resilience Lab. They have successfully restored hundreds of thousands of hectares in countries across the world including the Philippines, Vietnam, Australia, the U.S. and across the Caribbean. Worlwide, about 35% of mangrove area was lost during the last several decades of the twentieth century (in countries for which sufficient data exist), which accounted for about half of the area of mangroves. (f`Pfb�`�q���N�A��F�L,Sx3�6|�����P�pr��u�S�5���}iR[0E�k&�7e&��l�@ķb.��@�� ��"� Rich in biodiversity. %PDF-1.4 %���� AXA XL, as a controller, uses cookies to provide its service, improve user experience, measure audience engagement, and interact with users’ social network accounts. Coverages may also be underwritten by Lloyd’s Syndicate #2003. High winds from intense storms, can damage or kill mangrove trees. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL. The report also found that traditional indemnity insurance could be used with payouts made after a post-disaster damage assessment. When calculated correctly, this, Sustainable Development Director at AXA XL. These efforts represent a state-of-the-art assessment of flood risk and mangrove benefits. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. (I explain this in more detail below.) 0000001252 00000 n h޴XyX��O4��(H&������" 0000035821 00000 n We also need to ensure that we are careful not to accidentally break or trample mangroves when we enter mangrove forests, or catch resources such as crabs, shrimps or fish. Smithsonian science is laying the groundwork for mangrove conservation by documenting the critical services that mangroves provide and by examining how human activities are affecting the functioning of these ecosystems. Mike works on marine conservation across science, business and policy to bring effective tools and clear results to decision-makers. 1. US domiciled insurance policies can be written by the following AXA XL surplus lines insurers: XL Catlin Insurance Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor Insurance Company. Mangroves provide protection for coasts against extreme weather. 0000031361 00000 n Those roots also hold down dirt and sediment that otherwise would wash offshore and smother the reef-building corals. MB: The next step is to undertake a full feasibility study, including detailed analyses on the relationship between wind speed and mangrove damage. They actually protect the land from the impact of the sea. This new report builds on the emerging and pioneering development of insurance and finance products to help protect and conserve coastal ecosystems. Tweet This. Since just the 1980s, global mangrove area has declined by 20%. A division bench of Justices S C Dharmadhikari and R I Chagla referred to the Australian bushfire disaster while hearing the plea filed by NGOs Save Mangroves … Mangrove protection from cyclones also reduces longer term deterioration of low-lying inland areas with rising sea levels. Mangroves are excellent at storing carbon and protecting coasts from storms. Ocean managers and conservationists have more experience restoring mangroves than any other coastal habitat. One advantage of this option is that it eliminates basis risk; that is, the possibility (as under an area-wide parametric programme) of payouts being made even when the damages are slight to non-existent, or vice-versa. Mangrove forests are amazing ecosystems that grow along tropical coasts, where they thrive in saltwater and tidal conditions. Before we delve into some of the report's findings, could you describe why mangroves are so important? We can also protect mangroves by keeping the mangrove AXA XL Risk. 1. ��)�"���vw-V{kk�VEq)"�X�(��VѺ ui�Z��Z�U���3�I�� ���{����g��;�����;�E�!"�Xl:/��O����м�)�b�N"�-jC�i�z�HM[J��"��������,ePb�F@��N���H��xÖ����i�ɩ�c��驚М���������2r�5���Κ�Ă��c��0͂��B�J�f^6yo����d�g���/3S3?cyzA�f~j~��(5�ߦ�Ģ! MB: Mangroves really are quite unique. For more detailed information on the cookies used for this website, you can read our Cookie Policy. He can be contacted at mwbeck@ucsc.edu, Chip Cunliffe is AXA XL's Director of Sustainable Development. A company’s Total Insurable Values – or TIV – should encompass the value of their real property, business personal property, and business income estimates. 0000008500 00000 n How did you quantify the likely benefit-cost ratios associated with protecting and restoring mangroves in different parts of the Caribbean? 11 0 obj <> endobj The paper assembles a regionwide panel dataset that measures local economic activity using nightlights, potential hurricane damages using a detailed wind field model, and mangrove protection by mapping the width of mangrove forests on the path to the coast. How does the law protect mangroves in Fiji? Did the report make any recommendations about how to best structure a mangrove insurance coverage? However, the market for mangrove insurance will largely depend on the assets covered by the policies: public infrastructure such as ports, schools and water treatment facilities, and/or residential and commercial buildings. (Our paper describing these storm and flood models in detail can be found here.). 0000027865 00000 n Fish and other marine life depend on habitats such as mangroves to enable them to feed, take shelter in, spawn and reproduce. The most important way for us to protect mangrove forests is to not cut them down! Also read: Amphan in the Sundarbans: How Mangroves Protect the Coast From Tropical Storms. Mangrove insurance - opportunities to build resilience in the Caribbean, In most parts of the world, Commercial Property policies, including those covering Downstream Energy and Power Generation, usually include a business interruption (BI) component with a time-limited indemnity period. CC: The report looked at the feasibility of parametric or index-based approaches, traditional indemnity insurance, and a hybrid structure combining elements of both. Additionally, mangroves absorb atmosphere-warming carbon dioxide and sequester this carbon for centuries in the underlying soil. (ii) Flood Protection Wetlands reduce the effect of floods on coastal areas by acting as a sponge and slowing down flood waters as in the case of coastal marshlands. 0000301220 00000 n 0000251217 00000 n A good number of marine fish and invertebrates live in mangrove areas at some stages of their life cycles and The first 100 meters of mangroves forests can be particularly critical, for instance, by lowering wave heights by as much as 66%. By protecting mangroves, we can help protect the future of our planet. It is one of approximately 50 associations that have signed agreements with the Ecuadorian government to protect the mangroves. Mangrove forests protect uplands from storm winds, waves and floods. The mangroves, which will eventually make up the Eastern Mangrove Lagoon National Park, are to the … The amount of protection afforded by mangroves depends upon the width of the forest. 0000013088 00000 n Mangroves also protect coastal areas from erosion by creating a buffer zone, filtering and pacifying tidal flows, and can even reduce the damage and loss of life caused by tsunamis. A man from Matalom, Leyte planted some 10,000 mangroves all by himself to protect his home from storm surge. About 18% of Australia’s mangrove forest areas fall under the protection of National Parks and other reserves. pinpin / wiki, CC BY-SA Jacob Hochard and colleagues use global data … Malaysia . Each mangrove planted will: – Provide employment for two villages on Biak Island, Indonesia – Help protect Biak Island from storm-surges and sea-level rise – Create a habitat for threatened species Hence, we calculated the expected benefits of mangroves in social (number of people protected) and economic terms (value of property protected). In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. Mangroves serve as nurseries where young fish grow up, protected by intricate root systems, before swimming out to reefs. 11 35 0000044780 00000 n Mangrove roots stabilize coastal soils, reducing erosion and flood levels during storms, while forests buffer shorelines from the full impact of waves. With the ability to store vast amounts of carbon, mangrove forests are key weapons in the fight against climate change, but they are under threat worldwide. The first 100 meters of mangroves forests can be particularly critical, as they can lower wave heights by as much as 66% 2 . Various studies have noted the benefits of mangroves as a natural defense for coastal areas against natural calamities because its roots help keep soil in place, thus preventing flooding and soil erosion. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any publication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. ABU DHABI // The vast swathes of mangroves alongside the capital are to receive even greater official protection from development. These flood protection benefits alone exceed $65 billion per year. Storm surges and flooding … On World Mangrove Day, CI’s manager for oceans and climate, Jorge Ramos, unveils the Alliance’s strategy to protect them. They are specially adapted to withstand salinity, wave action, and can grow in poor soils. 2. 0000039290 00000 n A man from Matalom, Leyte planted some 10,000 mangroves all by himself to protect his home from storm surge. 0 Mangroves provide essential habitat and coastline protection but are under threat. 0000251254 00000 n Then, by adding population and land use data, we estimated the averted flood damages to people and property. 0000035434 00000 n 2. Here are four places where a snapshot tells the story. endstream endobj 12 0 obj <> endobj 13 0 obj <> endobj 14 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/ExtGState<>>> endobj 15 0 obj <> endobj 16 0 obj [/ICCBased 36 0 R] endobj 17 0 obj <>stream Chip established and manages AXA XL's Ocean Risk Initiative which works to identify innovative insurance and finance solutions to minimize and mitigate the impacts and implications of ocean-related risk. In our review, we found (not surprisingly) that restoration costs were higher in the U.S. (USD 45,000 per hectare in Florida) than in the rest of the Caribbean (USD 23,000 per hectare). Diverting water can harm mangroves by preventing their seeds from being dispersed via seawater, and it can kill the trees by cutting off freshwater supplies. Fortunately, awareness around the importance of mangroves is spreading and there are efforts worldwide to restore mangrove habitats. Abstract. They are specially adapted to withstand salinity, wave action, and can grow in poor soils. Mangroves provide protection for coasts against extreme weather. While they may protect shorelines from cyclones, how does a hit from a hurricane affect the mangroves? The rehabilitation and replanting of mangrove forests in Cuba’s coastal regions is helping to protect the lives of people living on the Caribbean island, and reduce the effects of climate change, thanks to a UN Development Programme project. Mangroves are nothing but the woody trees that exist and grow in the inter-tidal regions of sheltered shores. What did the report conclude about the feasibility of mangrove insurance as a mechanism for cost-effectively protecting and restoring mangrove habitats? 0000009226 00000 n There are many species of mangroves like Thespesia populnea, Pongamia pinnata, Ceriops tagal, Terminalia catappa, Heritiera littoralis, Barringtonia rademosa, Xylocarpus granatum. They are carbon sinks. With this approach, the threshold level(s) triggering a payout would be derived from location-specific models showing the relationship between wind speed and/or storm surge and damages to mangrove forests; such models are currently in development. Mangroves have unique property to tolerate saline water. Further work is also planned to confirm the costs for maintaining and restoring mangrove forests in different countries and areas; this cost element obviously is a critical variable in setting threshold levels and policy limits. Rich in biodiversity. Abu Dhabi moves to protect mangroves from development The vast swathes of mangroves alongside the capital are to receive official protection from development. 0000008899 00000 n In the pre-pandemic world, clients had many references, AXA XL Americas CEO Joe Tocco shares how he and his team quickly adjusted when COVID-19 required changes to everyone's daily interactions and operations. Our work has shown that mangroves protect 15 million people from flooding and reduce flood damages by USD 65 billion every year. A very narrow fringe of mangroves offers limited protection, while a wide fringe can considerably reduce wave and flood damage to landward areas by enabling overflowing water to be absorbed into the expanse of forest. Give2Asia and Bangladesh Environment and Development Society (BEDS) had previously worked together to construct a Cyclone Shelter and Training Center in that village. This will help interested organizations, including national/local governments, conservation groups, re/insurers and investors, to better assess coastal flood risk in areas where mangrove forests are part of the natural environment. A key issue is not just destruction but degradation of mangrove ecosystems, through pollution, siltation, changes in salinity or loss of biodiversity. Figure 1.1 Damaged mangrove forests at Paraquita Bay, BVI (2019). Mangroves help protect sensitive coastal habitats like coral reefs and seagrass beds by filtering and trapping sediments, heavy metals and other pollutants with their dense network of roots from flowing further downstream in waterways to the sea. Niez took photos and posted them on social media, sharing that the man, Gary Dabasol, has planted and maintained the mangroves for five years now. Building on these prior quantitative studies on the risk-reduction benefits of mangrove forests, we conducted a benefit-cost analysis across the entire Caribbean region, including Florida, to identify where cost-effective opportunities may exist for mangrove restoration. Section 2. Storing carbon in flooded soils. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Mangrove conservation efforts are largely aimed at preventing destruction of mangrove ecosystems, and increasing coverage. With the flow of water to the mangrove wetlands comes a steady supply of nutrients from the sur-rounding land. Slow Food protects the biodiversity of the marine- coastal ecosystems of the Seaflower Biosphere Reserve in the Archipelago of San Andrés, Providencia, and Santa Catalina in Colombia through the projects “ Slow Fish Caribe” funded by the EU and “ … Mangrove forests protect inland areas by absorbing ocean wave energy and by buffering coastal communities from the impacts of storm surge and flooding; that protection, in turn, helps support tourism-related economies. View the original Facebook post here . By Patricia Bianca S. Taculao. 0000009380 00000 n CC: The report found 20 territories and countries in the Caribbean with sections of coastline (more than 3,000 km in total) where mangrove restoration benefits significantly outweigh the costs. Among their many benefits, mangroves provide nurseries for fish and other marine species, shelter and protection from storms, reduce coastal erosion, provide a filtering function for cleaning seawater by processing sewage, and provide resources that are essential to … Mangroves are flood buffers and they also help in stabilizing the climate by moderating temperature, humidity, wind and even waves. It’s better to revitalize than replant. In this case, they identified the Caribbean mangroves that most warrant insurance protection given their value in protecting coastal communities and infrastructure and the cost to restore these ecosystems after a storm. Mangrove forests currently cover approximately 14 million hectares across 118 countries around the world. MB: While we increasingly understand the flood reduction benefits, what is less well understood is where mangrove management and restoration can yield the highest returns on investment. You can disable them at any time. Mangrove forests are amazing ecosystems that grow along tropical coasts, where they thrive in saltwater and tidal conditions. These flood protection benefits alone exceed $65 billion per year. Allowing mangrove forests to recover naturally result in more resilient habitats that benefit both wildlife and people, say conservationists.