Germany pushes climate insurance as alternative to traditional development aid

Thursday, April 23, 2015

Catastrophic droughts, floods and heatwaves: climate change is making environmental disasters increasingly common. Environment Minister Barbara Hendricks wants the G7 to look at insurance policies as an alternative to traditional development aid. EurActiv Germany reports.

2015 is a fateful year for the international community’s development and climate goals. In September, the United Nations will agree on the new Sustainable Development Goals (SDGs). In December, delegates at the Paris climate conference will attempt to reach a binding agreement to limit greenhouse gas emissions post-2020, and keep global warming below the critical limit of +2°C.

But as the World Bank has warned for some time, even if governments manage to cut emissions quickly, some of the effects of climate change will not be stopped. Sea levels will continue to rise over the coming centuries, and further global temperature increases will bring more heatwaves and climate disruption.

Source: Euractiv (link opens in a new window)

Tags
aid agencies, poverty alleviation