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Climate change mitigation policies can have a large and complex impact on the socio-economic status of individuals and countries This can be both positive and negative. [299] It is important to design policies well and make them inclusive. Otherwise climate change mitigation measures can impose higher financial costs on poor households. [300]
estimating economic costs of facilitating and implementing climate change mitigation and adaptation strategies (varying with the objectives and the levels of action required); see also economics of climate change mitigation. monetising the projected impacts to society per additional metric tonne of carbon emissions (social cost of carbon)
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 1 ] [ 2 ] [ 3 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
In her first debate with Trump on September 10, 2024, Vice President Kamala Harris linked the issue of climate change to the steep increase in home insurance rates observed in the past few years ...
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [22] [23] [24] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
Discussions center on mitigation, adaptation, technology development and transfer, and financial resources and investment. During COP21, the international community funded investment in climate risk insurance as part of the strategies for addressing climate risk.
Financial flows for climate change mitigation and adaptation in developing countries [32] Bilateral institutions include development cooperation agencies and national development banks. Until quite recently they have been the largest contributors to climate finance, but since 2020 bilateral flows have decreased whilst multilateral funding has ...
The insurance industry has been criticized by environmental activists and Democratic Party lawmakers for continuing to provide coverage to fossil fuel companies, while Republican Party lawmakers have criticized the industry for curbing policy coverage to oil-and-gas companies (even though most U.S. insurance companies have generally refrained from doing so in contrast to insurers ...