Area characterisation:
Marine
Objective:
Insure communities to fund mangrove growth
Financing:
Private
Potential impacts/benefits:
- 3,400 ha mangrove conservation
- + 600 ha restoration
- 600,000+ tonnes CO₂ avoided/sequestered over 10 years
- Flood risk reduction for vulnerable coastal communities
- Self-sustaining insurance-conservation funding cycle
Actions:
Insures coastal communities against natural catastrophes and channels insurance profits into mangrove-positive businesses, targeting 3,400ha of conservation and 600ha of restoration with blue carbon and flood-reduction revenue.
Organisations:
Conservation International, RISCO, ORRAA
Contacts:
Case study referred by NATURANCE. For more information, please contact: info@naturance.eu.
RISCO is an enterprise that increases financial resilience of vulnerable coastal communities by insuring them against natural catastrophes and using insurance profits to train/fund mangrove-positive businesses. This creates a self-sustaining cycle that protects communities while increasing mangrove cover. The planned pilot in the Philippines targets 3,400 hectares of mangrove conservation and 600 hectares of restoration, providing climate benefits of > 600,000 tonnes of avoided and sequestered CO2 emissions over ten years. Revenue streams include insurance payments linked to site-specific flood reduction benefits provided by mangroves and blue carbon credits generated through Verra methodologies.
Sustainable Development Goals:
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13. Climate action
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14. Life below water
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1. No poverty
