Publication:
Safeguarding Marine Ecosystems and Society: The Role of Insurance in Protecting Nature and Supporting Sustainable Tourism

Loading...
Thumbnail Image
Files in English
English PDF (5.28 MB)
144 downloads
English Text (205.82 KB)
20 downloads
Published
2025-02-06
ISSN
Date
2025-02-06
Editor(s)
Abstract
This report aims to highlight opportunities for developing ecosystem-linked insurance - that is, insurance that integrates the effect of ecosystems in products covering coastal hazards. These products can provide funds for ecosystem restoration after a disaster occurs. This report points to several opportunities and ways forward for developing ecosystem insurance. Despite the challenges facing efforts to develop such insurance, advances are possible and could benefit both the insurance sector and Caribbean tourism industry.
Link to Data Set
Citation
Cook, S.; Wilks, A. Rios; Wilson, P.. 2025. Safeguarding Marine Ecosystems and Society: The Role of Insurance in Protecting Nature and Supporting Sustainable Tourism. © World Bank. http://hdl.handle.net/10986/42774 License: CC BY-NC 3.0 IGO.
Digital Object Identifier
Associated URLs
Associated content
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue

Related items

Showing items related by metadata.

  • Publication
    Developing a National Marine Spatial Planning Framework for Thailand’s Sustainable and Resilient Blue Economy
    (Washington, DC: World Bank, 2025-07-29) World Bank
    In the Baseline Assessment conducted for this project (full assessment is provided in the supplementary report), Thailand’s progress in advancing marine and coastal resource management through an ecosystem-based approach is evident. Thailand’s growth includes the integration of Marine Protected Areas (MPAs) and implemention of pilot MSP projects. However, the development of a National MSP Framework is critical to addressing persistent challenges moving forward—including fragmented governance, overlapping jurisdictions between local and national institutions, and gaps in data management. A comprehensive framework would enable better alignment between sustainable economic growth and environmental protection.
  • Publication
    Mitigating Climate Change through Restoration and Management of Coastal Wetlands and Near-shore Marine Ecosystems : Challenges and Opportunities
    (World Bank, Washington, DC, 2011-03) Crooks, Stephen; Herr, Dorothée; Tamelander, Jerker; Laffoley, Dan; Vandever, Justin
    There is overwhelming consensus amongst climate scientists that the Earth's warming in recent decades has been caused primarily by human activities that have increased the amount of greenhouse gases (GHGs) in the atmosphere. To mitigate the most serious impacts of climate change a range of different strategies to lower carbon dioxide (CO2) concentrations in the atmosphere are required. Building on outcomes and recommendations from various coastal carbon activities, this report explains the GHG dynamics of coastal wetlands and marine ecosystems (chapter two). The importance of coastal wetland and near-shore marine ecosystem carbon pools for climate change mitigation are described in chapter three, with a brief overview of the status of these systems, including drivers of change and implications of degradation of carbon pools, provided in Chapter four. Chapter five gives an overview of policy opportunities under ongoing United Nation Framework Convention on Climate Change (UNFCCC) negotiations and through revision of Intergovernmental Panel on Climate Change (IPCC) carbon accounting methodologies and eligible mitigation activities for developing as well as developed countries. The main recommendations for action are summarized in chapter six.
  • Publication
    Scaling Up Marine Management : The Role of Marine Protected Areas
    (Washington, DC, 2006-08) World Bank
    This study answers the key questions on marine protected areas (MPAs) by assessing country experience with these and other tools along the marine management area continuum that have been adopted to address loss of biodiversity and fisheries and other marine resource degradation, which have eroded traditional use rights and cultural identify. In light of the confusing array of MPA types and other Marine Management Areas, the report creates a typology of tools based on their structure and objectives and commented on their relative effectiveness in achieving objectives, including marine conservation. Finally, the report assesses the best way of scaling up these interventions to achieve results at meaningful scales through replication, networking, or mainstreaming onto other platforms. The main findings of this report were: open access is a principal driver of resource degradation in coastal commons; enforceable governance systems will be required to begin to deal with the formidable problem of regulating access (including types and rates of resource exploitation)-systems that can accommodate different marine coastal and marine environments and that do not undermine local cultural values and practices; while they can be successful in regulating access and use, particularly at the scale of local community-managed reserves, MPAs are fragile governance structures; they require ongoing stakeholder participation in co-management arrangements with authorities and adequate resources to enforce limited entry and use; MPAs are costly to establish and maintain; MPAs cannot survive in isolation; and a broad spectrum of MPA and other emerging coastal and marine management (CMM) frameworks are now in use.
  • Publication
    India Marine Fisheries : Issues, Opportunities and Transitions for Sustainable Development
    (World Bank, 2010-08-01) World Bank
    This study represents a collaborative initiative by the World Bank and the Department of Animal Husbandry, Dairying and Fisheries Ministry of Agriculture, Government of India, to review the marine fisheries sub-sector, within a broader sector that also includes aquaculture and inland fisheries. The policy note provides a major step forward in understanding current issues and future opportunities facing the marine fisheries sub-sector. The marine fishing sub-sector accounts for approximately one percent of national Gross Domestic Product (GDP), but forms an important component of the rural coastal economy, generating income, employment, livelihoods, and food security for an estimated 3.52 million people along the 8,118 km Indian coastline, who depend on fishing for their livelihoods. The study represents an initial analytical review of the Indian marine sub-sector with special emphasis on inshore waters, which faces the greatest challenges for management and sustainable development. The main objectives of the study were to: a) appraise the general structure, conduct and performance of the marine fisheries sub-sector in India with particular focus on the role that marine fishery plays in rural livelihoods for coastal communities; b) identify the main constraints in the marine sub-sector that are impacting on biological sustainability and economically healthy fisheries; c) draw on national and international experience to recommend alternative policy approaches and strategies to address these issues; and d) inform the Government of India during subsequent consultations with key stakeholders about long-term transformations towards better sub-sector performance.
  • Publication
    Convenient Solutions to an Inconvenient Truth : Ecosystem-based Approaches to Climate Change
    (World Bank, 2010) World Bank
    Global warming and changes in climate have already had observed impacts on natural ecosystems and species. Natural systems such as wetlands, mangroves, coral reefs, cloud forests, and Arctic and high-latitude ecosystems are especially vulnerable to climate-induced disturbances. However, enhanced protection and management of biological resources and habitats can mitigate the impacts and contribute to solutions as nations and communities strive to adapt to climate change. Biodiversity is the foundation and mainstay of agriculture, forests, and fisheries. Biological resources provide the raw materials for livelihoods, agriculture, medicines, trade, tourism, and industry. Forests, grasslands, freshwater, and marine and other natural ecosystems provide a range of services often not recognized in national economic accounts but vital to human welfare: regulation of water flows and water quality, flood control, pollination, decontamination, carbon sequestration, soil conservation, and nutrient and hydrological cycling. Current efforts to address climate change focus mainly on reducing greenhouse gas (GHG) emissions by adopting cleaner energy strategies and on reducing the vulnerability of communities at risk by improving infrastructure to meet new energy and water needs. This book offers a compelling argument for including ecosystem-based approaches to mitigation and adaptation as an essential pillar in national strategies to address climate change. Such ecosystem-based strategies can offer cost-effective, proven, and sustainable solutions that contribute to, and complement, other national and regional adaptation strategies.

Users also downloaded

Showing related downloaded files

  • Publication
    Morocco Economic Update, Winter 2025
    (Washington, DC: World Bank, 2025-04-03) World Bank
    Despite the drought causing a modest deceleration of overall GDP growth to 3.2 percent, the Moroccan economy has exhibited some encouraging trends in 2024. Non-agricultural growth has accelerated to an estimated 3.8 percent, driven by a revitalized industrial sector and a rebound in gross capital formation. Inflation has dropped below 1 percent, allowing Bank al-Maghrib to begin easing its monetary policy. While rural labor markets remain depressed, the economy has added close to 162,000 jobs in urban areas. Morocco’s external position remains strong overall, with a moderate current account deficit largely financed by growing foreign direct investment inflows, underpinned by solid investor confidence indicators. Despite significant spending pressures, the debt-to-GDP ratio is slowly declining.
  • Publication
    Europe and Central Asia Economic Update, Spring 2025: Accelerating Growth through Entrepreneurship, Technology Adoption, and Innovation
    (Washington, DC: World Bank, 2025-04-23) Belacin, Matias; Iacovone, Leonardo; Izvorski, Ivailo; Kasyanenko, Sergiy
    Business dynamism and economic growth in Europe and Central Asia have weakened since the late 2000s, with productivity growth driven largely by resource reallocation between firms and sectors rather than innovation. To move up the value chain, countries need to facilitate technology adoption, stronger domestic competition, and firm-level innovation to build a more dynamic private sector. Governments should move beyond broad support for small- and medium-sized enterprises and focus on enabling the most productive firms to expand and compete globally. Strengthening competition policies, reducing the presence of state-owned enterprises, and ensuring fair market access are crucial. Limited availability of long-term financing and risk capital hinders firm growth and innovation. Economic disruptions are a shock in the short term, but they provide an opportunity for implementing enterprise and structural reforms, all of which are essential for creating better-paying jobs and helping countries in the region to achieve high-income status.
  • Publication
    Argentina Country Climate and Development Report
    (World Bank, Washington, DC, 2022-11) World Bank Group
    The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.
  • Publication
    Classroom Assessment to Support Foundational Literacy
    (Washington, DC: World Bank, 2025-03-21) Luna-Bazaldua, Diego; Levin, Victoria; Liberman, Julia; Gala, Priyal Mukesh
    This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.
  • Publication
    World Development Report 2006
    (Washington, DC, 2005) World Bank
    This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.