Private sector

A new paper from Zurich Insurance Group (Zurich) presents a roadmap for how governments, insurers, and communities can work together to meet the growing challenges posed by extreme weather and natural catastrophes.

This paper outlines a roadmap for achieving these policy goals, emphasizing the need for immediate and sustained action from all sectors: governments, municipalities, communities, businesses, individuals and investors, as well as the insurance industry.

Almost half of global average temperature rise and a third of sea-level rise can be attributed to the “carbon majors,” the world’s 122 largest fossil fuel and cement producers, a recent paper shows.

Climate denialism should not blind investors and governments to the very real opportunities to be found in financing solutions.

Evidence from Ecuador suggests that natural disasters have important but short-lived impacts on production and market conditions in developing countries that vary depending on firm differences in efficiency.

As climate change increases the threat of extreme weather, manufacturers must have the proper infrastructure and insurance policies to protect employees and facilities against the risk of flooding.

This column uses unique firm-level data on extreme weather losses in 40 countries to show that firms are more likely to acquire fixed assets following such events, and tend to do so by leasing rather than purchasing.

The urgent need to close the global financing gap for disaster risk reduction took center stage at a high-level forum held in Oslo from 25 to 26 March, hosted by Norway with the support of UNDRR.