Sustainable Finance For Asia And The Pacific

Download or read book Sustainable Finance for Asia and the Pacific written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-12-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report explores the benefits of Asia and the Pacific’s coral reefs, outlines the myriad risks they face from climate change, pollution, and development, and considers how nature-positive investments can finance their protection and restoration. Outlining how over 85% of the region’s reefs are under threat, the report looks at the first ever insurance policy taken out on coral reefs in Mexico and considers how parametric insurance can be adopted in the region. Focused on managing degraded and disaster-damaged reefs, it shows how innovative products including catastrophe bonds and blue carbon credit can protect critical ecosystem services and enhance coastal resilience.