Page 35 - TNC AR 2018_Digital Demo

Below: As climate change threatens coastal reefs with increased storm damage an innovative pilot project to insure reefs would enable recovery e e e e e e e e e orts to begin sooner NEW YORK
The Conservancy entered into a a precedent-setting agreement with the the city of Albany to participate in in the the Working Woodlands carbon market program which provides carbon credits in the form of cash payments for landowners to to take steps to to protect and manage their forests in order to to store carbon and reduce greenhouse gas emissions By committing to formal protections
for for its watershed the the city will keep the the landscape intact improve forest health and protect its drinking water supply for future generations This transaction helps mitigate climate change as as well as as achieve land and and water protection goals and is replicable throughout New York and and other states | nature org/NYWoodlands
MEXICO
The Nature Conservancy has joined with Swiss Re a a a leading global reinsurance company and hotel owners on Mexico’s Mayan Riviera to launch
a rst-of-its-kind pilot to insure the coral reefs that protect the tourism- dependent coast between Cancún and Tulum The pilot demonstrates how to insure coastal natural ecosystems and o o o ers an an associated source of funding for ongoing reef protection and repair A large hurricane would trigger near-immediate payouts By having the money arrive quickly reef repairs could begin sooner | nature org/ReefInsurance
ALASKA
The Conservancy secured the sale and permanent retirement of the 62 000-acre Bering River coal eld in in a a a a groundbreaking transaction that also ensures forest protections
and long-term income for an an Alaska Native community The transaction illustrates how land can be managed in a a a a a a way that yields both nancial and environmental bene ts | nature org/AlaskaCoalField
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