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Poverty Traps and Climate Risk: Limitations and Opportunities of Index-Based Risk Financing

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Publication date
26/09/2007
Number of Pages
57
Language:
English
Type of Publication:
Working Papers & Briefs
Focus Region:
Global
Focus Topic:
Climate / Weather / Environment
Type of Risk:
Weather & Climate related
Type of Risk Managment Option:
Risk transfer
Commodity:
Other
Author
Christopher Barrett, Barry Barnett, Michael Carter, Sommarat Chantarat, James Hansen, Andrew Mude, Daniel Osgood, Jerry Skees, Calum Turvey, M. Neil Ward
Organization
The International Research Institute for Climate and Society (IRI)

This paper examines the linkage between climate and weather risks and shocks and poverty traps by integrating diverse literatures on a wide range of related topics that enhance understanding of how climate and weather shocks impact both poverty and development. That understanding is used to enlighten our evaluation of the potential developmental role of innovations in index-based risk financing for catastrophic climate and weather shocks.