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. AXA XL Risk. Rich in biodiversity. The Mangrove Act does not distinguish between living and dead mangroves, so the same trimming regulations apply to each. Hence, we calculated the expected benefits of mangroves in social (number of people protected) and economic terms (value of property protected). It didn't conclude that any one of these three options is best as each has plusses and minuses. 45 0 obj <>stream 0000002798 00000 n 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 … startxref When calculated correctly, this, Sustainable Development Director at AXA XL. They live in more than 100 countries and can grow quickly (like weeds) with their "knees" partly to fully submerged in saltwater. Our work has shown that mangroves protect 15 million people from flooding and reduce flood damages by USD 65 billion every year. Mangroves in and around Mumbai have undergone massive destruction. 0000016646 00000 n Mangrove roots stabilize coastal soils, reducing erosion and flood levels during storms, while forests buffer shorelines from the full impact of waves. Worlwide, about 35% of mangrove area was lost during the last several decades of the twentieth century (in countries for which sufficient data exist), which accounted for about half of the area of mangroves. Before we delve into some of the report's findings, could you describe why mangroves are so important? 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 … The most important way for us to protect mangrove forests is to not cut them down! A company’s Total Insurable Values – or TIV – should encompass the value of their real property, business personal property, and business income estimates. Updated: ... "Mangrove safaris do help make people understand the importance of mangroves in … 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. It is one of approximately 50 associations that have signed agreements with the Ecuadorian government to protect the mangroves. 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. Tweet; Mangroves, like the ocean and the reefs, surround or should surround Fiji. h޴XyX��O4��(H&������" Mangroves in and around Mumbai have undergone massive destruction. Mangrove forests are amazing ecosystems that grow along tropical coasts, where they thrive in saltwater and tidal conditions. Here are four places where a snapshot tells the story. Those roots also hold down dirt and sediment that otherwise would wash offshore and smother the reef-building corals. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state. The mangroves, which will eventually make up the Eastern Mangrove Lagoon National Park, are to the … Fish and other marine life depend on habitats such as mangroves to enable them to feed, take shelter in, spawn and reproduce. 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. Mangrove protection from cyclones also reduces longer term deterioration of low-lying inland areas with rising sea levels. Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. Home to an incredible selection of species, mangroves are biodiversity hotspots. By comparing data from more than 22 sites around the world, researchers are able to provide powerful hypotheses about how climate change is affecting mangroves and suggest ways to mitigate these effects and protect mangrove ecosystems While they may protect shorelines from cyclones, how does a hit from a hurricane affect the mangroves? 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. 0000035146 00000 n Date Initiated: 1990. Mangroves have unique property to tolerate saline water. In order to protect a coastal wetland, it is necessary to protect the whole watershed. They educate the public regarding the vital role that mangroves play and provide training to communities enabling them to protect and sustainably manage their mangrove resources. His work has been spotted by netizen Dan Niez, who visited a beach Barangay Punong in October. For more detailed information on the cookies used for this website, you can read our Cookie Policy. MANGROVE EXTENT >1.5 MILLION ACRES . Mangroves are flood buffers and they also help in stabilizing the climate by moderating temperature, humidity, wind and even waves. Mangroves are excellent at storing carbon and protecting coasts from storms. What is the current status of mangroves around the world? The amount of protection afforded by mangroves depends upon the width of the forest. 0000009304 00000 n 1. 0000042087 00000 n Did the report make any recommendations about how to best structure a mangrove insurance coverage? In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. 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.. Despite the state government and High Court-appointed mangrove protection and conservation committee ordering transfer of all mangroves … What did the report conclude about the feasibility of mangrove insurance as a mechanism for cost-effectively protecting and restoring mangrove habitats? Conservation. With the flow of water to the mangrove wetlands comes a steady supply of nutrients from the sur-rounding land. 1. They are a hardy species that inhabits the intertidal zone, on State “land”, and if they are left alone or lightly managed they regenerate. 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. (Our paper describing these storm and flood models in detail can be found here.). It’s better to revitalize than replant. 0000234137 00000 n Globally, mangroves protect 15 million people from flooding and also reduce flood damages by US$65 billion every year 1. 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. The amount of protection afforded by mangroves depends upon the width of the forest. Why mangroves matter. What can we do to help protect our mangroves? He can be contacted at [email protected], Chip Cunliffe is AXA XL's Director of Sustainable Development. "%Y�E�V�1��Y,�*���. It is the world's most comprehensive mangrove monitoring tool built to catalyse the action needed to protect and restore mangroves. This project can create a great opportunity for the students, teachers, researchers and others to get profound knowledge about the mangroves from the experienced local people. 0 0000001330 00000 n 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. Find out more by reading the full recap of its launch. Mangroves are also extremely productive carbon sinks, sequestering between five to ten times more carbon than terrestrial trees. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any publication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. 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