The agreement could help speed up the development of large solar projects that are often bogged down by fights over land use and environmental concerns.
If worsening coastal storms damage the reefs, the Nature Conservancy will get a payout and use the money to repair the coral — work that state officials can’t afford to do.
Developing nations are reducing their debt by pledging to protect their resources in financial deals that could give them a bigger role in the fight against climate change.
Communities across the country hope to tap into funds from Democrats’ new climate law to restore coastal habitats, part of a program that emphasizes nature-based solutions.
Worsening wildfires in recent years have led officials to embrace planned fires to thin forests before disaster strikes. But the warming world is making it tougher to do safely.