International
Climate Initiative (IKI)

Promoting Integrated Mechanisms for Climate Risk Management and Transfer

As of: April 2018

Objective and activities

As a result of climate change, it is anticipated that the frequency of extreme weather events will increase worldwide. The impacts of floods, droughts and storms and their resulting damage can be devastating, particularly for those with insufficient means to adequately adapt to climate-related changes. Societies can cope better with the impacts of climate change if insurance forms part of an integrated disaster risk management system. This requires the holistic assessment of coping mechanisms for extreme weather events, including prevention, preparation, risk transfer and reconstruction. The project strengthens Ghana’s adaption to climate change in the agricultural sector through direct and indirect insurance products in the framework of an integrated management of drought and flood risks. In addition, the project develops solutions in other sectors and countries including ‘critical infrastructure and transport’. Lastly, it provides the analysis and sharing of positive examples, e.g. through the UNFCCC climate dialogue.

State of implementation/results

• A vulnerability analysis was done in rural communities of selected pilot districts and a follow-up verification workshop was held with government authorities and other participants.
• A roadmap on the development of the extended national emergency plan in case of drought was elaborated in a multi-stakeholder approach.
• An educational film on the integrated approach of disaster risk management was produced and is available on the MCII/ACRI+-website.