Parametric insurance is not a new concept. Such products and solutions have been in existence for more than 20 years. On the African continent, however, parametric insurance is relatively new but becoming ever more crucial to climate resilience.
Mexico is using a nuclear-based technique known as the sterile insect technique (SIT) to eradicate the medfly that had been threatening fruit and vegetable crops, farmers’ livelihoods and the country’s economy.
The application uses participatory maps for natural and technological disasters, crisis management and early risk warning, SIGNALERT is now available in the Arabic language on both the Appstore and Google Play.
New Zealand’s first climate adaptation plan, launched this week, provides a robust foundation for urgent nation-wide action. Its goals are utterly compelling: reduce vulnerability, build adaptive capacity and and strengthen resilience.
Often referred to as the “voice” of the National Weather Service, NOAA Weather Radio is a 24/7 public service that broadcasts weather information from more than 1,000 stations across the United States and many of its territories.
Even with significant global advances in science and infrastructure designed to predict and manage such extreme disasters, many communities still face major societal and economic impacts when these events occur.
What kinds of financial and economic benefits would political entities be able to sustain if there were more investments in appropriate DRR strategies? ESG investing helps shift the mindset from a short-term perspective on disaster impact.