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Risk vs. Resilience: Insuring Sustainable African Cities in the Age of Climate Change
Though COVID-19 dominates the global conversation, climate change continues to have devastating effects. For instance, there were 53 climate-related disasters in Africa in 2018 alone – and these challenges are likely to get worse as the continent urbanizes. Kate Rinehart-Smit and Mia Thom at Cenfri suggest four interventions that can help insurers protect African cities and infrastructure against climate disasters.
- Categories
- Environment, Finance
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A Best Practice in the Making? How Dominica is Building the World’s First Climate Resilient Nation
In 2017, Hurricane Maria left unprecedented devastation in the Commonwealth of Dominica, with damages and losses amounting to 226% of the Caribbean nation's GDP. But according to Pepukaye Bardouille and Colin Scaife at the Climate Resilience Execution Agency for Dominica, the country has responded with a plan that could serve as an important pilot case for developing resilience in the age of climate change.
- Categories
- Environment
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How Impact Investing Could Help Countries Recover From Natural Disasters
Natural disasters destroy numerous properties each year. To protect communities from the consequences, many impact investors put their money into the restoration of local buildings. Impact investors play a significant role in facilitating recovery efforts. By putting money into the area, they provide residents with resources for repairing their communities.
- Categories
- Environment, Investing
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New Report Shows Impact of Mutual Microinsurance on Vulnerable Communities Recovering From Natural Disasters
Despite the fact that the mutual insurance sector holds 27 per cent of the global insurance market and that the sector is the fastest growing part of the total market there has been very little independent research into the viability of mutual microinsurance as a business model and its value in improving the conditions of individuals, their families and communities.
- Categories
- Environment, Finance
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Press release: AVPN and Prudence Foundation launch competition to foster greater disaster awareness and preparedness
Prudence Foundation, the community investment arm of Prudential in Asia, and AVPN, a Singapore-based funders’ network that is committed to building a high-impact social investment community across Asia Pacific, today announced the launch of the Disaster Tech Innovation Programme.
- Categories
- Technology
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Press release: Government of India and the World Bank Sign a New Project to Benefit Over 25 Million Small and Marginal Farmers in Maharashtra
The project is expected to benefit over 7 million people spread over an area of 3.0 million ha and cover 5,142 villages across 15 most climate vulnerable districts of the region.
- Categories
- Agriculture, Environment
- Region
- South Asia
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Finance Responds to Climate Change: How ‘Recovery Lending’ Can Help Victims of Weather-Related Disasters
Natural disasters leave U.S. communities reeling – but those impacted generally have an insurance safety net. When climate-related catastrophes strike poorer populations, it is almost impossible to recover fully. In fact, every year natural disasters force 26 million people further into poverty. Stewart McCulloch of VisionFund International details a novel disaster insurance program that leverages big data climate models to support nearly 700,000 families with "recovery lending."
- Categories
- Environment, Impact Assessment
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How microcredit can help poor countries after natural disasters
BOTH, in different ways, worry about liquidity. And global warming may, indeed, be bringing meteorologists and financiers together. On January 18th, VisionFund, a microlending charity, and Global Parametrics, a venture that crunches climate and seismic data, launched what they billed as the “world’s largest non-governmental climate-insurance programme”. The scheme will offer microfinance to about 4m people across six countries in Asia and Africa affected by climate-change-related calamities.
- Categories
- Agriculture, Environment
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