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Symposium 2011

Solution for Managing Adaptation to Climate Change in the Developing World

The Challenge

In policy discussions of climate change, mitigation has been the main focus to date but adaptation to climate change is moving up the policy agenda. Simulation models suggest that the negative effects ...

In policy discussions of climate change, mitigation has been the main focus to date but adaptation to climate change is moving up the policy agenda. Simulation models suggest that the negative effects of climate change disproportionately fall on the developing world. Some argue that such effects have already started to become visible in the form of agricultural damage, displacement of people by floods, etc.

Use index insurance to manage climate risks, effectively reinsure national carriers and support insurance with transfers from high-income countries.

Greater climate volatility will lead to more frequent losses from extreme weather events. Insurance may help firms and households to cope with losses. When traditional insurance contracts are not feasible, possibly because of high administrative costs, innovative approaches such as index insurance may be able to reach the poor.

Insurance contracts may include incentives for risk reduction and prevention. Damage from major natural disasters may be large: therefore, national carriers need to be effectively reinsured. Since high-income countries are responsible for most greenhouse gas emissions and hence for most climate change, they should support insurance for climate risks in developing countries through appropriate transfers.

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    Symposium 2011

    Encourage political participation and promote responsive leadership.

    Encourage political participation and promote responsive leadership.

    Encourage political participation and promote responsive leadership.

    Polity, Civil Society
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    Adopt an integrated approach to promoting water and food security.

    Adopt an integrated approach to promoting water and food security.

    Adopt an integrated approach to promoting water and food security.

    Polity, Business, Civil Society
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    Symposium 2011

    Donors should fund directly or establish incentives for the creation of new appropriate technologies, for example, drought or high temperature tolerant crops or vaccines for human and animal diseases.

    Donors should fund directly or establish incentives for the creation of new appropriate technologies, for example, drought or high temperature tolerant crops or vaccines for human and animal diseases.

    Donors should fund directly or establish incentives for the creation of new appropriate technologies, for example, drought or high temperature tolerant crops or vaccines for human and animal diseases.

    Polity, Business, Civil Society