Tag Archives: climate risk

New viewpoint published on the role of sovereign insurance in disaster risk management

Climate and Development has just published a viewpoint article entited "Sovereign insurance to incentivize the shift from disaster response to adaptation to climate change – African Risk Capacity's Extreme Climate Facility". The article, led by Kulima director Dr Katharine Vincent, arose out of project between Kulima and the Frankfurt School (UNEP Collaborating Centre for Climate and Sustainable Energy Finance) that took place between 2015-16. The project developed criteria for evaluation of adaptation investment plans to be submitted by countries participating in a new sovereign climate insurance product under African Risk Capacity, the Extreme Climate Facility (XCF). The viewpoint argues that there is a role for leveraging private finance through insurance as part of the range of risk management strategies required to adapt to climate change.

Kulima directors attend African Risk Capacity climate insurance inception meeting

fisherman heading homeDr Katharine Vincent and Ms Tracy Cull are in Johannesburg today for the inception meeting of a new project with the AU specialist agency the African Risk Capacity Insurance Company Ltd.  In partnership with the Frankfurt School (UNEP Collaborating Centre for Climate and Sustainable Energy Finance), and with funding from the Climate and Development Knowledge Network, the nine month project will work in seven African countries to assess the current state of adaptation planning (and adaptation planning good practice guidelines) and climate finance absorption capacity. This will inform preparation for the new Extreme Climate Facility (XCF), which is intended to support national level adaptation and disaster risk planning.