The escalating cost of climate change to the Caribbean region makes a compelling argument for taking early action for adapting to climate change.
Geothermal development is on the rise in many regions of the world. However, the high costs of field development, coupled with the high risks associated with resource exploration and drilling, still pose a significant barrier to private sector financing.
Insurance can mitigate the risks to investors and increase flows of private finance to the industry.
A project by Parhelion, a private sector insurance and risk company focused on climate finance, funded by CDKN, aimed to improve the technical capacity of Kenya’s and Ethiopia’s local insurance industries for using geothermal risk mitigation instruments.
Driving, connecting and communicating: The many roles of national government in climate adaptation planningDetails
Climate change is one of the most significant challenges to the Caribbean’s future prosperity. The impacts of climate change on economically important sectors such as tourism, agriculture and fishing threaten Caribbean nations’ ability to achieve their economic and social development goals.