Applying seasonal climate forecasting and innovative insurance solutions to climate risk management in the agriculture sector in SE Asia
As of: October 2018
Objective and activities
This project will develop resilient climate risk management systems, best practices, and insurance products that will shield smallholder farmers and businesses engaged in the coffee, sugar, rice, cassava, and grazing industries across the value chain from physical and financial disaster associated with climate change. It will assist ministries in developing adaptation and risk management strategies. The project goals will be achieved through 5 key comprehensive planned measures:•Participatory workshops and socio-economic surveys to explore cc risks, adaptation challenges, enabling factors and barriers•Targeted seasonal climate forecasts to assist with cc adaptation •Financial risk management tools, including index-based insurance products•Environmentally responsive, climate smart, risk management tools and best management practices•Knowledge-driven national and regional adaptation and risk management strategies, and suitable incentive driven programs and measures.