The Role of Financial Services in Climate Adaptation in Developing Countries
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
The Role of Financial Services in Climate Adaptation in Developing Countries
Hoff, Holger | Warner, Koko | Bouwer, Laurens M
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 74 (2005), Iss. 2 : pp. 196–207
13 Citations (CrossRef)
Additional Information
Article Details
Author Details
1Potsdam Institute for Climate Impact Research.
2WSL Swiss Federal Institute for Snow and Avalanche Research SLF, Davos.
3Institute for Environmental Studies, Vrije Universiteit Amsterdam.
Cited By
-
Financial capital as a shaper of households' adaptive capabilities to flood risk in northern Bangladesh
Azad, Md Javed | Pritchard, BillEcological Economics, Vol. 195 (2022), Iss. P.107381
https://doi.org/10.1016/j.ecolecon.2022.107381 [Citations: 16] -
Handbook of Research on Climate Change and the Sustainable Financial Sector
Climate Change and Insurance Business in Developing Economies
Olarewaju, Olusola Olawale | Nomlala, Bomi Cyril2021
https://doi.org/10.4018/978-1-7998-7967-1.ch012 [Citations: 1] -
Loss and Damage from Climate Change
Exploring and Managing Adaptation Frontiers with Climate Risk Insurance
Schäfer, Laura | Warner, Koko | Kreft, Sönke2019
https://doi.org/10.1007/978-3-319-72026-5_13 [Citations: 10] -
Sustainable Agricultural Marketing and Agribusiness Development
Assessing the Influence of Village Savings and Loan Associations on Climate Resilience and Food Security
Guruwo, Brenda | Nyagadza, Brighton | Manhimanzi, Gift2023
https://doi.org/10.1079/9781800622548.0019 [Citations: 0] -
Climate change and increased risk for the insurance sector: a global perspective and an assessment for the Netherlands
Botzen, W. J. W. | van den Bergh, J. C. J. M. | Bouwer, L. M.Natural Hazards, Vol. 52 (2010), Iss. 3 P.577
https://doi.org/10.1007/s11069-009-9404-1 [Citations: 95] -
Financing climate change adaptation
Bouwer, Laurens M. | Aerts, Jeroen C.J.H.Disasters, Vol. 30 (2006), Iss. 1 P.49
https://doi.org/10.1111/j.1467-9523.2006.00306.x [Citations: 78] -
Do the poor have what they need to adapt to climate change? A case study of Nepal
Dulal, Hari Bansha | Brodnig, Gernot | Thakur, Hemanta Kumar | Green-Onoriose, CharityLocal Environment, Vol. 15 (2010), Iss. 7 P.621
https://doi.org/10.1080/13549839.2010.498814 [Citations: 40] -
Influence of sustainable livelihood capital on climate variability adaptation strategies
Ankrah, Daniel Adu | Anum, Reginald | Anaglo, Jonathan Nicholas | Boateng, Seth DankyiEnvironmental and Sustainability Indicators, Vol. 18 (2023), Iss. P.100233
https://doi.org/10.1016/j.indic.2023.100233 [Citations: 13] -
Post-2012 climate policy dilemmas: a review of proposals
KUIK, ONNO | AERTS, JEROEN | BERKHOUT, FRANS | BIERMANN, FRANK | BRUGGINK, JOS | GUPTA, JOYEETA | TOL, RICHARD S.J.Climate Policy, Vol. 8 (2008), Iss. 3 P.317
https://doi.org/10.3763/cpol.2007.0333 [Citations: 19] -
Financial Support Mechanisms and Financing Instruments for Climate Change Adaptation
Lo, Shih-Fang | Wu, Chou-Yen | Lin, Chun-HsuJournal of Environmental Protection, Vol. 07 (2016), Iss. 02 P.242
https://doi.org/10.4236/jep.2016.72021 [Citations: 1] -
Objectives of public economic policy and the adaptation to climate change
Aakre, Stine | Rübbelke, Dirk T.G.Journal of Environmental Planning and Management, Vol. 53 (2010), Iss. 6 P.767
https://doi.org/10.1080/09640568.2010.488116 [Citations: 55] -
Assessing the Livelihood Vulnerability of Rural Indigenous Households to Climate Changes in Central Nepal, Himalaya
Sujakhu, Nani Maiya | Ranjitkar, Sailesh | He, Jun | Schmidt-Vogt, Dietrich | Su, Yufang | Xu, JianchuSustainability, Vol. 11 (2019), Iss. 10 P.2977
https://doi.org/10.3390/su11102977 [Citations: 78] -
Climate Change Policies in 16 West African Countries: A Systematic Review of Adaptation with a Focus on Agriculture, Food Security, and Nutrition
Sorgho, Raissa | Quiñonez, Carlos A. Montenegro | Louis, Valérie R. | Winkler, Volker | Dambach, Peter | Sauerborn, Rainer | Horstick, OlafInternational Journal of Environmental Research and Public Health, Vol. 17 (2020), Iss. 23 P.8897
https://doi.org/10.3390/ijerph17238897 [Citations: 27]
Abstract
Finance and insurance industry (“financial services”) can play a key role in climate adaptation, by reducing and transferring risks. However, financial services are largely absent from developing countries with their highly vulnerable economies and livelihoods. The financial services sector claims in particular a lack of business opportunities for that. We provide examples of innovative financial tools such as micro-credits, index-based insurance, government supported insurance pools, international re-insurance and adaptation and new partnerships between private sector, governments, civil society and international organisations, that support pro-active adaptation to climate change and disaster reduction, and thus reduce the costs of climate change. In some cases these tools have been introduced successfully in developing countries. Through partnerships with the financial services sector, currently fragmented adaptation activities can be integrated and mainstreamed with development goals and natural resource management. Science can support these partnerships e.g. with climate scenarios and assessments of future risks and hotspots for intervention.
Der Finanz- und Versicherungssektor (im folgenden Finanzsektor genannt) kann Klimarisiken mindern und damit eine zentrale Rolle bei der Anpassung an den Klimawandel spielen. Allerdings ist der Finanzsektor gerade in den Entwicklungsländern mit besonders hohen Klimarisiken und hoher Klimavulnerabilität kaum präsent, wofür insbesondere das Fehlen von Geschäftsmöglichkeiten verantwortlich gemacht wird. Wir stellen eine Reihe von innovativen Finanzsektorwerkzeugen wie Mikrokredite, indexbasierte Versicherungen, Versicherungspools und internationale Rückversicherungen und Anpassungsfonds sowie neue Partnerschaften zwischen Privatsektor, Regierungen, Zivilgesellschaft und internationalen Organisationen vor, die pro-aktiv die Anpassung an den Klimawandel und gleichzeitig den Katastrophenschutz unterstützen und damit die Kosten des Klimawandels vermindern können. In einzelnen Fällen sind solche Werkzeuge bereits erfolgreich in Entwicklungsländern eingeführt worden. Durch geeignete Partnerschaften mit dem Finanzsektor können bislang noch fragmentierte Anpassungsaktivitäten zusammengeführt werden. Dabei ist Klimaanpassung mit Entwicklungszielen, Katastrophenschutz und natürlichem Ressourcenmanagement zu integrieren. Die Wissenschaft kann solche Partnerschaften z.B. durch Klimaszenarien sowie Abschätzungen von zukünftigen Klimarisiken und kritischen Hotspots unterstützen.