Improving Humanitarian Response to Slow-Onset Disasters Using Famine Indexed Weather Derivatives PDF Download
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Author: Sommarat Chantarat
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
This paper illustrates how weather derivatives indexed to forecasts of famine can be designed and used by operational agencies and donors to facilitate timely and reliable financing for effective emergency response to climate-based, slow-onset disasters such as drought. We provide a general framework for derivative contracts, especially in the context of index insurance and famine catastrophe bonds, and show how they can be used to complement existing tools and facilities in drought risk financing through a risk layering strategy. We use the case of arid lands of northern Kenya, where rainfall proves a strong predictor of widespread and severe child wasting, to provide a simple empirical illustration of the potential contract designs.
Author: Sommarat Chantarat
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
This paper illustrates how weather derivatives indexed to forecasts of famine can be designed and used by operational agencies and donors to facilitate timely and reliable financing for effective emergency response to climate-based, slow-onset disasters such as drought. We provide a general framework for derivative contracts, especially in the context of index insurance and famine catastrophe bonds, and show how they can be used to complement existing tools and facilities in drought risk financing through a risk layering strategy. We use the case of arid lands of northern Kenya, where rainfall proves a strong predictor of widespread and severe child wasting, to provide a simple empirical illustration of the potential contract designs.
Author: Tara K. McGee
Publisher: Routledge
ISBN: 1000597601
Category : Nature
Languages : en
Pages : 712
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Book Description
This Handbook provides a state-of-the-science review of research and practice in the human dimensions of hazards field. The Routledge Handbook of Environmental Hazards and Society reviews and assesses existing knowledge and explores future research priorities in this growing field. It showcases the work of international experts, including established researchers, future stars in the field, and practitioners. Organised into four parts, all chapters have an international focus, and many include case studies from around the world. Part I explains geophysical and hydro-meteorological/climatological hazards, their impacts, and mitigation. Part II explores vulnerability, resilience, and equity. Part III explores preparedness, responses during environmental hazard events, impacts, and the recovery process. Part IV explores policy and practice, including governments, support provided during and after environmental hazard events, and provision of information. This Handbook will serve as an important resource for students, academics, practitioners, and policymakers working in the fields of environmental hazards and disaster risk reduction.
Author: Daniel Jonathan Clarke
Publisher: Oxford University Press
ISBN: 0198785577
Category : Business & Economics
Languages : en
Pages : 154
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Book Description
This is an open access title available under the terms of a CC BY 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Dull Disasters? shows how countries and their partners can better prepare for natural disasters such as typhoons, earthquakes, floods, and drought. By harnessing lessons from finance, political science, economics, psychology, and the naturalsciences, it is possible for governments, civil society, private firms, and international organizations to work together to achieve better preparedness, thereby reducing the risks to people and economies and enablingquicker recoveries. In this way, responses to disasters become less emotional, less political, less headline-grabbing, and more business as usual and effective.
Author: G. Cornelis van Kooten
Publisher: Springer Science & Business Media
ISBN: 9400749880
Category : Science
Languages : en
Pages : 485
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Book Description
This volume enables readers to understand the complexity associated with climate change policy and the science behind it. For example, the author describes the criticism and defense of the widely known “hockey stick” temperature graph derived from combining instrumental data and proxy temperature indications using tree ring, ice core and other paleoclimatic data. Readers will also learn that global warming cannot easily be avoided by reducing CO2 and other greenhouse gas emissions in rich countries. Not only is emissions reduction extremely difficult in rich countries, but demands such as the UN mandate to improve the lives of the poorest global citizens cannot be satisfied without significantly increasing global energy use, and CO2 emissions. Therefore, the author asserts that climate engineering and adaptation are preferable to mitigation, particularly since the science is less than adequate for making firm statements about the Earth’s future climate. Readers will also learn that global warming cannot easily be avoided by reducing CO2 and other greenhouse gas emissions in rich countries. Not only is emissions reduction extremely difficult in rich countries, but demands such as the UN mandate to improve the lives of the poorest global citizens cannot be satisfied without significantly increasing global energy use, and CO2 emissions. Therefore, the author asserts that climate engineering and adaptation are preferable to mitigation, particularly since the science is less than adequate for making firm statements about the Earth’s future climate.
Author: Agency for Rangeland Information and Development in Kenya Date
Publisher: CTA
ISBN: 9290816368
Category : Technology & Engineering
Languages : en
Pages : 44
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Book Description
Index-based livestock insurance (IBLI) is a donor-funded programme aimed at designing, developing and implementing market-mediated, index-based insurance products to protect livestock keepers, particularly in the drought-prone arid and semi-arid lands (ASALs), from drought-related asset losses. The IBLI index is based on satellite data, which measure the quality of the pastureland every 10–16 days. These data are inputs to a statistical model of livestock mortality developed using historical data from the region. When evolving range conditions predict livestock mortality in excess of a critical threshold (say 15%) over a predetermined area, the insurance pays contract-holding pastoralists for their losses, allowing them to manage their individual risk. The programme operates under the International Livestock Research Institute (ILRI) and is delivered by several private sector insurance providers, with financial support from the United Kingdom Department for International Development (DFID), Australia’s Department of Foreign Affairs and Trade and the European Union.
Author: Ales Bernatik
Publisher: CRC Press
ISBN: 1351966855
Category : Science
Languages : en
Pages : 284
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Book Description
This book collects the papers presented at the 6th International Conference on Risk Analysis and Crisis Response (RACR-2017) held in Ostrava/Prague, Czech Republic, on June 5-9, 2017, organized by VSB-Technical University of Ostrava, Czech Republic. The overall theme of the sixth international conference on risk analysis and crisis response is Risk Analysis and Management – Trends, Challenges and Emerging Issues, highlighting science and technology to improve risk analysis capabilities and to optimize crisis response strategy. This book contains primarily research articles of risk issues. Underlying topics include natural hazards and major (chemical) accidents prevention, disaster risk reduction and society resilience, information and communication technologies safety and cybersecurity, modern trends in crisis management, energy and resources security, critical infrastructure, nanotechnology safety and others. All topics include aspects of multidisciplinarity and complexity of safety in education and research. The book should be valuable to professors, engineers, officials, businessmen and graduate students in risk analysis and risk management. About the book series Communications in Cybernetics, Systems Science and Engineering - Proceedings (CCSSEP) is a cross-disciplinary book series devoted to theoretical and applied research contributions, that cater to a rapidly growing worldwide interest in a cybernetic and systemic methodology with an ever-increasing capacity to deal with new challenges in a way that traditional science cannot. The series aims to become a comprehensive reference work on and guide to developments within the field and strategies required for better implementation of advances, with a view to environmental protection and sustainable social and economic development. The CCSSE series targets all working in theoretical and applied fields of cybernetics, systems science and engineering, e.g. academics, researchers and consultants, computer and information scientists, development and systems engineers, mathematicians, management cyberneticists and systemists, medical scientists, and intelligent and manufacturing engineers in industry, as well as leading decision- and policy-makers. Series editor: Jeffrey ‘Yi-Lin’ Forrest
Author: Daniel J. Clarke
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Social Science
Languages : en
Pages : 64
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Book Description
Governments play a key role in supporting populations affected by natural disasters, including rebuilding infrastructure to ensure continued services and scaling-up public safety nets to prevent widespread hunger and poverty. However, the traditional approach of limiting greater spending to the aftermath of a disaster has many drawbacks. External support from bilateral or multilateral donors can be slow and unreliable. Private sector reinsurance can be prohibitively expensive. And reallocating budgets toward recovery and reconstruction is typically a slow process that can even hurt long-term development by drawing resources away from effective programs. Some countries are trying to mitigate this liability by banding together and creating sovereign catastrophe risk pools that allow governments to coordinate with one another to insure their uncertain fiscal liabilities at lower cost. Countries contribute to the pool, which then provides payments if an insured natural disaster strikes. The African Risk Capacity (ARC), has been proposed as a pan-Africa drought risk pool to insure against drought risk in Africa south of the Sahara. If fully operationalized, the ARC will mark a major change in how donors fund emergency support to countries in Africa during times of need. In this paper, we undertake a cost-benefit analysis of the ARC pool and discuss how lessons can inform the design of the ARC.
Author: Pratik Arte
Publisher: Springer Nature
ISBN: 3031437853
Category :
Languages : en
Pages : 524
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Book Description
Author:
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 376
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Book Description
Author: Roman Marco Hohl
Publisher: John Wiley & Sons
ISBN: 1119345642
Category : Business & Economics
Languages : en
Pages : 440
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Book Description
Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
