- Subject index
Climate change is now widely regarded as one of the most serious challenges the world faces, and adapting to it is an urgent requirement for countries across the world. The less developed countries of the Asia and Pacific region, despite contributing the least to the emission of greenhouse gases, are the most vulnerable to the effects of climate change.
Climate Change in Asia and the Pacific: How Can Countries Adapt compiles policies and best practices on climate change adaptation, emphasizing the fact that the Asia and Pacific region needs immediate measures—both structural and nonstructural—in order to adapt to climate change. The discussions elaborate on issues related to water resources, agriculture, and natural resources management, which are some of the most vital sectors for the region from environmental, social, and economic perspectives.
Although the policies and measures discussed in the book are specific to the Asia and Pacific region, the key findings will be relevant to other regions as well; for example, Africa and Latin America. Policymakers and researchers involved in the study of climate change adaptation will find this volume of great interest.
Chapter 15: Insurance Solutions to Climate Change in Asia and the Pacific
Insurance Solutions to Climate Change in Asia and the Pacific
Insurance companies have comparatively less negative impact on the environment than other industries such as manufacturing, and even less impact than other service industries. Furthermore through their insurance and investment business, insurance companies are contributing to lead society to become less vulnerable to climate change. According to the Intergovernmental Panel on Climate Change (IPCC) (Parry et al. 2007) and the Association of British Insurers (2005), climate change affects are more severe in developing countries with worsening water shortages, lower crop productivity, and increasing floods and storms than developed countries. At a side event of COP15, Munich Re stressed the current climate situation: ...