The project featured in this short video seeks to contribute to the restoration and conservation of the Mesoamerican Reef by enabling innovative financing mechanisms, and recommending suitable legal and institutional instruments to facilitate access to immediate funds for reef restoration after hurricane damage.
It will work across government, civil society and private sector to develop innovative insurance schemes for coral reef natural assets, thus potentially developing a sustainable financing stream for coral reef management and conservation in the region.
The ICRI / UN Environment Grants Programme is a joint initiative of the International Coral Reef Initiative (ICRI) and UN Environment. It which aims to catalyze the development of innovative and replicable initiatives that enhance restoration, protection and management of coral reefs and related ecosystems.
Grants under this program are funded by UN Environment through generous contributions from France and the Principality of Monaco.
Photo (by Philip Hamilton / Coral reef Image Bank) shows Banco Chinchorro, Quintana Roo, Mexico.