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.
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