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Coral reef insurance payouts fund restoration across Hawaii
Original: Coral reef insurance payouts support restoration efforts across Hawaii
Hawaii is using insurance payouts designed for coral reefs to support restoration work across the state. The payouts, part of a growing reef insurance model, channel funds into repairing storm and climate damage to reef ecosystems. Coverage of the effort highlights how insurance tools are increasingly being applied to natural assets, with the money going toward restoring damaged coral and protecting coastlines.
Why now: Reef insurance is an emerging conservation tool, and new payouts supporting restoration in Hawaii show it moving into practice.
Evidence
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