Summary of Financial Instruments for Managing Disaster Risks Related to Climate Change
This abstract builds on Leigh Wolfrom and Mamiko Yokoi-Arai (2016), "Financial instruments for managing disaster risks related to climate change", OECD Journal: Financial Market Trends, Vol. 2015/1. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the OECD or of the governments of its Member countries.
Evolving financial strategies can mitigate some of the costs of climate change’s disaster events.
Government leaders and financial professionals concerned with managing asset risk and their liabilities are contemplating the costs of extreme disaster events induced by climate change. In this insightful article, OECD policy experts Leigh Wolfrom and Mamiko Yokoi-Arai explain how alternative market instruments and combined international efforts can help mitigate the enormous financial losses resulting from natural disasters. getAbstract highly recommends this well-researched analysis to risk managers, policy makers and others concerned about financial protection from the impacts of climate change.
In this summary, you will learn
- What major risks arise from climate change
- Why insurance, capital markets and multicountry coalitions are needed to buffer the severe financial consequences of climate events
- How policy makers can expand climate-disaster financial protection globally
Comment on this summary
Customers who read this summary also read
Viral Acharya et al.
Brookings Institution, 2015
World Economic Forum
World Economic Forum, 2016
Federal Reserve Bank of Atlanta, 3/2016
Alyssa G. Anderson
Federal Reserve Board, 2015