Additionally, mangroves absorb atmosphere-warming carbon dioxide and sequester this carbon for centuries in the underlying soil. Tweet This. Why mangroves matter. Start mangrove safaris to protect Uran's biodiversity: Environmental group. Home to an incredible selection of species, mangroves are biodiversity hotspots. Dr. Michael W. Beck is a Research Professor at the University of California Santa Cruz and the head of the Coastal Resilience Lab. Rich in biodiversity. You can help by supporting groups who work to protect and restore mangrove habitats, and eating sustainably-caught seafood. 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. By acting now to save these vulnerable habitats, we can build a future where both mangroves and mankind thrive. startxref 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.. 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. 0000001525 00000 n 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. 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). What is the current status of mangroves around the world? 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. View the original Facebook post here . 0000036012 00000 n 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 … 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. 0000042087 00000 n What can we do to help protect our mangroves? Hence, we calculated the expected benefits of mangroves in social (number of people protected) and economic terms (value of property protected). 0000009226 00000 n Any party who chooses to rely in any way on the contents of this document does so at their own risk. That means, in turn, that the funding source(s) and beneficiaries of the programme will significantly influence how a mangrove insurance scheme is structured. They are the only trees that tolerate saltwater. About 18% of Australia’s mangrove forest areas fall under the protection of National Parks and other reserves. What did the report conclude about the feasibility of mangrove insurance as a mechanism for cost-effectively protecting and restoring mangrove habitats? Did the report make any recommendations about how to best structure a mangrove insurance coverage? Our work has shown that mangroves protect 15 million people from flooding and reduce flood damages by USD 65 billion every year. 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. 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). Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. Before we delve into some of the report's findings, could you describe why mangroves are so important? 0000000016 00000 n 0000016646 00000 n 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 … It’s a relationship found all over the world across the more than 100 countries where mangroves guard the coast. They actually protect the land from the impact of the sea. High winds from intense storms, can damage or kill mangrove trees. These flood protection benefits alone exceed $65 billion per year. 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. 11 0 obj <> endobj 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. ABU DHABI // The vast swathes of mangroves alongside the capital are to receive even greater official protection from development. While they may protect shorelines from cyclones, how does a hit from a hurricane affect the mangroves? Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state. 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). CC: As the report notes, mangroves are threatened by a number of different factors, both natural and human-made. xref It didn't conclude that any one of these three options is best as each has plusses and minuses. 45 0 obj <>stream Find out more by reading the full recap of its launch. Abstract. 0000301220 00000 n Malaysia . 0000024119 00000 n 0000001330 00000 n Around the world, communities depend on mangroves for food, protection, and income. 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. Mangroves are flood buffers and they also help in stabilizing the climate by moderating temperature, humidity, wind and even waves. Give2Asia and Bangladesh Environment and Development Society (BEDS) had previously worked together to construct a Cyclone Shelter and Training Center in that village. 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. 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. 1. Storm surges and flooding … Mangrove forests protect uplands from storm winds, waves and floods. 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. 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. HOW CAN WE PROTECT MANGROVES? 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. 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. Partner with us. They are carbon sinks. But once lost, mangroves are very difficult to replant due to shifts in the very sediments the roots helped keep in place. Additionally, mangroves absorb atmosphere-warming carbon dioxide and sequester this carbon for centuries in the underlying soil. (I explain this in more detail below.) 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 … For more detailed information on the cookies used for this website, you can read our Cookie Policy. 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. Among the two, the Shravan Kadavia grove has been degrading rapidly. Mangroves’ dense root systems inhibit the flow of tidal water and encourage the deposition of nutrient-rich sediments. Fish and other marine life depend on habitats such as mangroves to enable them to feed, take shelter in, spawn and reproduce. Plus, mangroves also serve as a home for different kinds of marine life, including the endangered sea turtles, more … AXA XL, as a controller, uses cookies to provide its service, improve user experience, measure audience engagement, and interact with users’ social network accounts. Here are 3 ways you can protect mangrove forests for the planet and future generations. Likewise, the growth of coastal aquaculture, poor development choices, timber harvesting, and pollution runoff have all been linked to mangrove forest degradation or destruction. 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. 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. 0000008500 00000 n MANGROVE EXTENT >1.5 MILLION ACRES . Ecuador, have created a program that gives mangrove concessions to the communes or associations … Coverages may also be underwritten by Lloyd’s Syndicate #2003. Mangroves serve as nurseries where young fish grow up, protected by intricate root systems, before swimming out to reefs. 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. 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 … Coastal wetlands protect the shoreline from erosion by acting as a buffer against wave action as in the case of coastal mangroves. 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 … (f`Pfb�`�q���N�A��F�L,Sx3�6|�����P�pr��u�S�5���}iR[0E�k&�7e&��l�@ķb.��@�� ��"� 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. When diverted inland, seawater may contaminate farmland or freshwater below the ground. 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. Mangroves in and around Mumbai have undergone massive destruction. 0000234137 00000 n While they may protect shorelines from cyclones, how does a hit from a hurricane affect the mangroves? 2. 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. 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. 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. Date Initiated: 1990. 0000224622 00000 n You can disable them at any time. 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 In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. 0000251217 00000 n It is one of approximately 50 associations that have signed agreements with the Ecuadorian government to protect the mangroves. 11 35 Continued mangrove expansion could increase carbon storage along coastlines. (A Fast Fast Forward article describing the programme in Quintana Roo is here.). 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. 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. They are specially adapted to withstand salinity, wave action, and can grow in poor soils. Figure 1.1 Damaged mangrove forests at Paraquita Bay, BVI (2019). 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. 0000031361 00000 n The amount of protection afforded by mangroves depends upon the width of the forest. A good number of marine fish and invertebrates live in mangrove areas at some stages of their life cycles and 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. Insurance Company. Those roots also hold down dirt and sediment that otherwise would wash offshore and smother the reef-building corals. Fortunately, awareness around the importance of mangroves is spreading and there are efforts worldwide to restore mangrove habitats. h޴XyX��O4��(H&������" Mangrove forests protect uplands from storm winds, waves and floods. 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". Mangroves are flood buffers and they also help in stabilizing the climate by moderating temperature, humidity, wind and even waves. This new report builds on the emerging and pioneering development of insurance and finance products to help protect and conserve coastal ecosystems. They live in more than 100 countries and can grow quickly (like weeds) with their "knees" partly to fully submerged in saltwater. Ocean managers and conservationists have more experience restoring mangroves than any other coastal habitat. Feb 14, 2017 9:56:49 AM / by James Sloan. Section 2. We won't set optional cookies unless you enable them. These coastal forests provide for communities and the communities, in turn, protect the mangroves. It is the world's most comprehensive mangrove monitoring tool built to catalyse the action needed to protect and restore mangroves. 0000008899 00000 n The amount of protection afforded by mangroves depends upon the width of the forest. 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. The mangroves, which will eventually make up the Eastern Mangrove Lagoon National Park, are to the … 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. trailer They are a hardy species that inhabits the intertidal zone, on State “land”, and if they are left alone or lightly managed they regenerate. Mangroves in and around Mumbai have undergone massive destruction. 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. Conservation. 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. He can be contacted at mwbeck@ucsc.edu, Chip Cunliffe is AXA XL's Director of Sustainable Development. "%Y�E�V�1��Y,�*���. Here are four places where a snapshot tells the story. The Global Mangrove Alliance just launched a new collaborative tool to foster data harmonisation and user engagement all about mangroves. What is a mangrove? Mangroves are nothing but the woody trees that exist and grow in the inter-tidal regions of sheltered shores. 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. Taking the right steps to protect mangroves. These efforts represent a state-of-the-art assessment of flood risk and mangrove benefits. 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. A company’s Total Insurable Values – or TIV – should encompass the value of their real property, business personal property, and business income estimates. 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. Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. With the flow of water to the mangrove wetlands comes a steady supply of nutrients from the sur-rounding land. Finally, specific locations where mangrove insurance products would be most viable will be identified in consultation with local stakeholders. 0 How does the law protect mangroves in Fiji? %PDF-1.4 %���� 0000236885 00000 n 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. Then, by adding population and land use data, we estimated the averted flood damages to people and property. They actually protect the land from the impact of the sea. Global Asset Protection Services, LLC, and its affiliates (“AXA XL Risk Consulting”) provides risk assessment reports and other loss prevention services, as requested. Rich in biodiversity. Support the enforcement and implementation of fishery laws and laws protecting coastal habitats. The first 100 meters of mangroves forests can be particularly critical, for instance, by lowering wave heights by as much as 66%. 0000013088 00000 n Since just the 1980s, global mangrove area has declined by 20%. 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. These flood protection benefits alone exceed $65 billion per year. MB: Mangroves really are quite unique. 0000009304 00000 n Mangrove forests are amazing ecosystems that grow along tropical coasts, where they thrive in saltwater and tidal conditions. On World Mangrove Day, CI’s manager for oceans and climate, Jorge Ramos, unveils the Alliance’s strategy to protect them. And for many countries, this study provides the best national-level estimate of flood risk. 0000001756 00000 n 0000044780 00000 n 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. 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.