Dan Miller (MBA '17) at The Nature Conservancy
This Spring, GSEI placed Daniel Miller (MBA '17) as a Climate Risk and Resilience Fellow at The Nature Conservancy thanks to the support of our founding partner, Bank of America. Here, Daniel reports on his work in this emerging and innovative field.
The Nature Conservancy is developing a new methods of incentivizing investment in natural infrastructure assets, such as coral reefs, wetlands, and mangrove forests, which protect against climate change driven risks on coastal economies. In their most recent pilot project, The Nature Conservancy has been working to place an insurance policy on a coral reef to protect the reef from damage sustained in storms; thereby increase the resiliency of the coastal communities which rely on the reef's protection.
During my tenure at The Nature Conservancy, throughout the spring semester of my second year at the McDonough School of Business, I was tasked with researching the process and methodology of bringing a new innovative concept, such as reef insurance, to wider market scale. The goal of the analysis was to determine where this new insurance product fits in the scaling process and to help identify barriers to overcome. My internship culminated with a research paper which I presented to The Nature Conservancy at their New York, NY, and Arlington, VA, offices. This was a valuable experience for me as I was able to explore the budding field of conservation finance through the lens of an extraordinary nonprofit organization. I'm truly thankful to The Nature Conservancy, Bank of America, and Georgetown's Global Social Enterprise Initiative for enabling this opportunity for me.