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16 Dec 2010 description
report IRIN

CANCUN, 16 December 2010 (IRIN) - Under the new Cancun Agreements, endorsed at the end of the UN climate change talks in Mexico, countries have been asked to submit their views on the possible development of a climate and disaster risk insurance facility. The one to emulate would be the Caribbean Climate Risk Insurance Facility (CCRIF).

The not-for-profit scheme created in 2007 for the 16 members of the Caribbean Community (CARICOM) offered quick pay-outs and comparatively low premiums, said Sven Harmeling, an adaptation expert with Germanwatch, a non-governmental lobby group.

When …