Project Notice
|
| PNR |
70455 |
| Project Name |
Preparing Philippine municipalities and communities to tackle climate change |
| Project Detail |
Enhancing disaster risk management of climate-induced disasters through ecosystem-based adaptation and insurance services The Philippines is particularly vulnerable to extreme weather events driven by climate change. Loss and damage caused by typhoons, heavy rains and rising sea levels are increasing. The result is more poverty, migration and an erosion of the country’s competitiveness. Adaptation measures and risk transfer mechanisms (including climate risk insurance) can help mitigate the impacts of climate change. A particularly promising approach involves harnessing ecosystems as a natural barrier to climate change. Ecosystem management tools and guidelines are already in place, but national planning is not sufficiently rigorous in incorporating adaptation. Greater emphasis must be placed on insurance for green infrastructure as the market for such insurance products is not sufficiently developed. Objective Ecosystem-based adaptation and climate risk insurance build resilience to climate change in the Philippines. |
| Funded By |
Self-Funded |
| Sector |
Environment and Pollution |
| Country |
Philippines , South-Eastern Asia |
| Project Value |
Plz Refer Document
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