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American Focus > Blog > Environment > The business case for saving coral reefs
Environment

The business case for saving coral reefs

Last updated: January 6, 2025 11:09 pm
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The business case for saving coral reefs
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The conversation between Storlazzi and Beck eventually led to a groundbreaking study that was published in 2018. The study, which was the first of its kind, quantified the protection provided by coral reefs against storm surges and flooding. The researchers found that coral reefs reduce wave energy by an average of 97 percent, effectively acting as natural seawalls that protect coastal communities.

This discovery has significant implications for disaster mitigation and preparedness efforts. With climate change leading to more frequent and intense storms, the protection provided by coral reefs is more important than ever. The study’s findings have caught the attention of policymakers, emergency authorities, and insurance companies, who are now considering investing in the restoration and maintenance of coral reefs as a cost-effective way to protect communities and infrastructure from natural disasters.

In Puerto Rico, where hurricanes Irma and Maria wreaked havoc in 2017, the importance of coral reefs in mitigating storm damage has become clear. Ernesto Diaz, a marine scientist who witnessed the protective effect of coral reefs firsthand after the hurricanes, is now leading a project funded by FEMA to restore and strengthen the island’s reefs. The $38.6 million grant is the first of its kind, marking a new era in disaster recovery and resilience planning.

The study’s findings have also highlighted the traditional knowledge of indigenous communities who have long understood the value of coral reefs in protecting coastlines. In Polynesia, for example, communities have built closer to reefs for generations, recognizing their role as natural barriers against waves and storms. This indigenous wisdom, combined with scientific research, is shaping a new approach to coastal protection that prioritizes the preservation of coral reefs.

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As the world grapples with the impacts of climate change and increasingly severe weather events, the importance of coral reefs as natural defenses is becoming more evident. By investing in the restoration and conservation of these vital ecosystems, we can not only protect marine biodiversity but also safeguard coastal communities and infrastructure from the destructive forces of nature. The groundbreaking study that quantified the protective benefits of coral reefs is a call to action for policymakers, scientists, and conservationists to work together to ensure the long-term survival of these irreplaceable natural wonders. The importance of coral reefs in protecting coastal communities and infrastructure has been a topic of discussion for years. However, it wasn’t until a group of scientists led by Curt Storlazzi and Michael Beck decided to quantify the economic and life-saving benefits of these ecosystems that they were able to capture the attention of government and insurance companies.

Storlazzi and Beck, along with a team of scientists, embarked on a mission to build a model that focused solely on the role of coral reefs as flood barriers. They meticulously simulated wave physics under different storm scenarios, analyzing every 10 meters of coastline with a reef to understand the extent of protection they provided. The results were staggering – the nation’s reefs saved approximately 18,000 people and $1.8 billion in economic assets from floods each year.

Their research, published in a USGS paper and the journal Nature Sustainability, revealed that states with highly developed coastlines like Hawai’i and Florida relied heavily on coral reefs for protection. In vulnerable areas with low-lying populations, such as Pacific Island territories, reefs were a lifeline. However, the scientists warned that even a small loss of reef could leave these areas exposed.

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Armed with this data, Storlazzi and Beck presented their findings to federal agencies, emphasizing the direct correlation between dollars and lives saved by coral reefs. This approach resonated with policymakers, leading to significant progress in recognizing reefs as essential infrastructure. Puerto Rico became the first jurisdiction to declare coral reefs as such, securing FEMA funding for reef restoration projects.

Following Puerto Rico’s lead, other U.S. territories like Hawai‘i, American Samoa, and the U.S. Virgin Islands have also declared coral reefs as essential infrastructure and are seeking federal funds for restoration. FEMA has shown interest in funding coral conservation efforts, recognizing the value of reefs in protecting coastal areas.

Beyond government agencies, the insurance industry has also taken notice of the benefits of healthy coral reefs. Companies like Swiss Re and The Nature Conservancy have developed innovative policies that cover reef protection, offering payouts in the event of extreme weather events. The success of these initiatives has paved the way for further collaboration between insurers and conservation organizations.

While the potential of coral reefs as coastal defense mechanisms is promising, experts like Storlazzi and Beck acknowledge that more research and data are needed to fully understand their effectiveness compared to traditional engineering solutions. As pilot projects unfold and performance data is gathered, the path forward for reef conservation will become clearer.

Despite potential challenges posed by changing political landscapes, the scientists behind these groundbreaking studies remain optimistic about the future of coral reef protection. With continued support from government agencies, insurance companies, and the scientific community, coral reefs may play a crucial role in safeguarding coastal communities for years to come. Extreme weather events such as hurricanes Helene and Milton have caused significant damage, including $50 billion in losses each. With Florida, President Trump’s home state, being affected, the urgency for effective solutions to protect people and property is more critical than ever.

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Despite the devastating impact of these natural disasters, experts like Beck emphasize that extreme weather is here to stay. However, there is hope that bipartisan support for cost-effective measures will continue to grow. For instance, when Florida Governor Ron DeSantis allocated additional funding for coral-reef restoration, it was informed by modeling created by researchers like Storlazzi.

Storlazzi explains that their goal is to save both dollars and lives while minimizing costs. By utilizing scientific data and predictive models, decision-makers can make informed choices that not only mitigate the impact of disasters but also reduce the financial burden on communities. This proactive approach to disaster preparedness is crucial in the face of increasing climate-related risks.

As we move forward in a world where extreme weather events are becoming more frequent and severe, it is essential to prioritize investments in resilience and adaptation. By heeding the warnings of experts and leveraging innovative solutions, we can protect vulnerable communities and build a more sustainable future for all.

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