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This book provides one of the first systematic in-depth studies on
regional catastrophe risk pools. It explores the various goals of
these new financial instruments, illustrating how they function on
a conceptual, technical and practical level, and reconstructs their
political genesis. With climate-related disasters increasing in
frequency and severity, Insuring Against Climate Change explores
how affected countries, especially those in the Global South, have
increasingly turned to innovative index insurance instruments, as
demonstrated by the creation of the Caribbean Catastrophic Risk
Insurance Facility (CCRIF), the African Risk Capacity (ARC) and the
Pacific Catastrophe Risk Assessment and Financing Initiative
Facility (PCRAFI Facility). Scherer scrutinizes the formation of
this trend, exploring comparatively the goals, characteristics and
histories of these tools, and argues that their attractiveness
rests more on political than economic benefits and is, in fact,
more supply than demand-driven. Making a significant contribution
to current debates on the opportunities and limitations of what are
sometimes described as indirect 'climate risk insurance', this book
will be of great interest to political scientists with an interest
in insurance instruments and climate-related disaster management
politics as well as to practitioners working in the insurance,
finance and the development sectors.
This book provides one of the first systematic in-depth studies on
regional catastrophe risk pools. It explores the various goals of
these new financial instruments, illustrating how they function on
a conceptual, technical and practical level, and reconstructs their
political genesis. With climate-related disasters increasing in
frequency and severity, Insuring Against Climate Change explores
how affected countries, especially those in the Global South, have
increasingly turned to innovative index insurance instruments, as
demonstrated by the creation of the Caribbean Catastrophic Risk
Insurance Facility (CCRIF), the African Risk Capacity (ARC) and the
Pacific Catastrophe Risk Assessment and Financing Initiative
Facility (PCRAFI Facility). Scherer scrutinizes the formation of
this trend, exploring comparatively the goals, characteristics and
histories of these tools, and argues that their attractiveness
rests more on political than economic benefits and is, in fact,
more supply than demand-driven. Making a significant contribution
to current debates on the opportunities and limitations of what are
sometimes described as indirect 'climate risk insurance', this book
will be of great interest to political scientists with an interest
in insurance instruments and climate-related disaster management
politics as well as to practitioners working in the insurance,
finance and the development sectors.
An unprecedented number of people is currently on the move seeking
refuge in Europe. Large parts of European societies respond with
anxiety and mistrust to the influx of people. Nationalist,
anti-migrant parties from Slovakia over Germany to the UK have
gained increasing support among the electorate and challenge the
political mainstream. Europe is struggling how to respond. While
the search for solutions is ongoing one pattern seems to be
emerging: Fortress Europe is in the making. Unfortunately, few of
these discussions and measures consider the structural root causes
and dynamics of migration, the motives of migrants or societal
challenges more thoroughly. This book seeks to address this
deficit. Taking migration and asylum policies as a starting point,
it analyses the various dimensions underpinning migration. In doing
so, it identifies why receiving countries are in many ways part of
the problem. To eschew an overtly Euro-centric perspective and
stimulate a debate between science and politics, it contains
contributions by academics and practitioners alike from both shores
of the Mediterranean.
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