Major new commitments from the United Kingdom and Minderoo Foundation for coral reefs

Panama, 2 March 2023 – New announcements of coral reef action delivered today at the Our Ocean Conference in Panama include a £24 million GBP commitment by the Government of the United Kingdom and a $5 million USD investment from the Minderoo Foundation to the Global Fund for Coral Reefs grant and private equity funds, respectively

Mangroves: a Super Solution

Mangroves are an amazing #ClimateAction Super Solution, they are effective carbon sinks, storing four times more CO2 than rainforests. And when it comes to storm protection and sea level rise, mangroves are 1000 times cheaper per kilometre than building sea walls. Check out the video!

Insurance for coral reefs in the Mesoamerican Reef

A new type of insurance to protect coral reefs has been announced at the 2018 World Ocean Summit in Mexico. Swiss Re is proud to have supported the design of this new product which will not only help the conservation and swift restoration of the reef, if damaged by a major hurricane, but it will also support the economic resilience of the region and offers an opportunity to create a scalable new market for the insurance industry itself.

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