Climate Change and Insurance Business in Developing Economies

2021 ◽  
pp. 190-201
Author(s):  
Olusola Olawale Olarewaju ◽  
Bomi Cyril Nomlala
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Developing Economies ◽  
Research Work ◽  
Weather Conditions ◽  
Greenhouse Gasses ◽  
Disaster Insurance ◽  
Insurance Cost ◽  
Reduce Risk ◽  
Insurance Business

The capacity of insurance systems to reduce immediate losses caused by disasters through the provision of financial security against extreme weather conditions such as hurricanes, tropical cyclones, droughts, and floods avails an opportunity to developing countries for reduction of poverty and steady economic growth. The process of negotiating premium creates a platform for incentives to reduce risk and adapt to the climate change. There are opportunities for donors to combine resources so as to support the vulnerable communities with measures to reduce risk. In this research work, the scholar examines the process of financing disaster risk in developing countries, insurance of disaster in developing economy, advantages of disaster insurance, cost and risks involved in the insurance business, the concept of adaptation in insurance system, proposal of the Munich climate insurance initiative, the impact of insurance on the reduction of greenhouse gasses, and the globalisation of climate change risk.

scholarly journals Economic Development and Climate Change: An Empirical Study for Developing Nations

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Megha Jain
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Economic Development ◽  
Environmental Degradation ◽  
Developing Economies ◽  
Developing Nations ◽  
Climate Impact ◽  
Sustainable Growth ◽  
Kuznets Curve ◽  
The Impact

Climate change does not yet feature conspicuously within the environmental or economic policy agenda of developing countries. Yet evidence shows that some of the most unfavourable effects of climate change will be in developing countries, where populations are most susceptible and least likely to easily adapt to climate change. The Environmental Kuznets Curve (EKC) hypothesis postulates the existence of an “inverted-U” shape relationship between per capita GDP and measures of environmental degradation. Various studies have addressed the direct relationship between environmental degradation and expanding economic activity so far. However, there is a need to establish the sustainable growth pairing with climate impact. This study examines the impact of economic development factors (Output, Energy usage, Direct Foreign Investment) on carbon emissions across BRIC economies and other developing nations, graphically using EKC hypotheses and empirically using GMM. Panel data over period 1991 to 2011 is used. The results validate that economic growth factors are elements of environmental quality in BRIC and developing economies. The paper indicates the relevance of making climate change policies a mainstream goal for global governance through increased carbon spacing.

Urban Population Knowledge of Climate Change in Costa Rica and Nicaragua

2013 ◽  
pp. 55-76
Author(s):  
Sergio A. Molina Murillo
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Costa Rica ◽  
Urban Population ◽  
Public Understanding ◽  
Extreme Weather Events ◽  
Negative Consequences ◽  
Weather Events ◽  
International Policies ◽  
General Concern

Most scenarios indicate that people in developing countries are more vulnerable and less capable of adapting to climate change. Since our public understanding of risk toward climate change in developing countries is limited, this article presents results from Costa Rica and Nicaragua, two countries which are socio-economically distinct, but which are expected to suffer similar extreme weather events. From October of 2008 until May 2010, a total of 1,047 respondents were surveyed in cities of both countries. The main results indicate that climate change is a widely known concept but other notions such as “carbon footprint” are foreign to most respondents. Despite the general concern with its negative consequences, respondents’ foremost concern is linked to their socioeconomic situation, and how it will be impacted by climate change in such aspects as poverty and social security. The results presented here contribute to advance national and international policies aiming to support mitigation or adaptation strategies in developing countries.

Development as Self-Interest

2018 ◽  
Author(s):  
Sarah Blodgett Bermeo
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Foreign Aid ◽  
Climate Change Adaptation ◽  
Trade Agreements ◽  
Self Interest ◽  
Adaptation And Mitigation

This chapter introduces the role of development as a self-interested policy pursued by industrialized states in an increasingly connected world. As such, it is differentiated from traditional geopolitical accounts of interactions between industrialized and developing states as well as from assertions that the increased focus on development stems from altruistic motivations. The concept of targeted development—pursuing development abroad when and where it serves the interests of the policymaking states—is introduced and defined. The issue areas covered in the book—foreign aid, trade agreements between industrialized and developing countries, and finance for climate change adaptation and mitigation—are introduced. The preference for bilateral, rather than multilateral, action is discussed.

Buster Keaton’s Climate Change

2018 ◽  
Author(s):  
Jennifer Fay
Keyword(s):  
Climate Change ◽  
World War I ◽  
Storm Surges ◽  
Weather Conditions ◽  
Detailed Knowledge ◽  
World War ◽  
Precise Control ◽  
Naturally Occurring ◽  
Peter Sloterdijk ◽  
Slapstick Comedy

Much of Buster Keaton’s slapstick comedy revolves around his elaborate outdoor sets and the crafty weather design that destroys them. In contrast to D. W. Griffith, who insisted on filming in naturally occurring weather, and the Hollywood norm of fabricating weather in the controlled space of the studio, Keaton opted to simulate weather on location. His elaborately choreographed gags with their storm surges and collapsing buildings required precise control of manufactured rain and wind, along with detailed knowledge of the weather conditions and climatological norms on site. Steamboat Bill, Jr. (1928) is one of many examples of Keaton’s weather design in which characters find themselves victims of elements that are clearly produced by the off-screen director. Keaton’s weather design finds parallels in World War I strategies of creating microclimates of death (using poison gas) as theorized by Peter Sloterdijk.

The Paris Agreement—China’s Kind of (International) Order?

2018 ◽  
Author(s):  
Daniel Krahl
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Global Governance ◽  
World Order ◽  
Paris Agreement ◽  
Great Power ◽  
Old Order ◽  
Traditional Approaches ◽  
Emerging Powers ◽  
International Status

The Paris Agreement has turned traditional approaches to global governance upside down, using a bottom-up approach that made it possible for emerging powers like China to agree to binding emissions targets to contain climate change. It thus marks a further step away from the old order centered on Western power, and at the same time it fits well into Chinese attempts to create a post-American order that rests on great power diplomacy within a multilateral framework of cooperation that privileges developing countries. The Paris Agreement allows China to leverage the internal fight against pollution and the restructuring and upgrading of its economy for international status. That the agreement has so far survived President Trump’s announcement of America’s departure suggests that it could yet serve as a blueprint for other, future arrangements for world order that would be able to integrate a risen China.

scholarly journals Innovative entrepreneurship in emerging and developing economies: the effects of entrepreneurial competancies and institutional voids

2021 ◽  
Author(s):  
Amirmahmood Amini Sedeh ◽  
Amir Pezeshkan ◽  
Rosa Caiazza
Keyword(s):  
Developing Countries ◽  
Developing Economies ◽  
Negative Impact ◽  
Institutional Voids ◽  
Developed Economies ◽  
Key Drivers ◽  
Innovation Barriers ◽  
Entrepreneurial Competencies ◽  
Emerging And Developing Countries ◽  
Different Levels

AbstractInnovative entrepreneurship is one of the key drivers of economic development particularly for less developed economies where the economic growth is at the forefront of policymakers’ agenda. Yet, the research on how various factors at different levels interact and bring about innovative entrepreneurship in emerging and developing countries remains relatively scarce. We address this issue by developing a multilevel framework that explains how entrepreneurial competencies attenuate the negative impact of innovation barriers. Our analysis on a sample of individuals from 24 economies, 17 developing and 7 emerging countries, reveals that entrepreneurial competencies become more instrumental for innovative entrepreneurship when general, supply-side, and demand-side innovation barriers are higher. The findings offer unique insights to policymakers particularly in developing countries interested in promoting innovative entrepreneurship and to entrepreneurs and investors seeking to establish and support innovative ventures.

scholarly journals Overheating Risk and Energy Demand of Nordic Old and New Apartment Buildings during Average and Extreme Weather Conditions under a Changing Climate

2021 ◽  
Vol 11 (9) ◽  
pp. 3972
Author(s):  
Azin Velashjerdi Farahani ◽  
Juha Jokisalo ◽  
Natalia Korhonen ◽  
Kirsti Jylhä ◽  
Kimmo Ruosteenoja ◽  
...  
Keyword(s):  
Climate Change ◽  
Energy Demand ◽  
Energy Use ◽  
Residential Buildings ◽  
Weather Conditions ◽  
Extreme Weather ◽  
Living Room ◽  
Extra Energy ◽  
Cooling Unit ◽  
Indoor Conditions

The global average air temperature is increasing as a manifestation of climate change and more intense and frequent heatwaves are expected to be associated with this rise worldwide, including northern Europe. Summertime indoor conditions in residential buildings and the health of occupants are influenced by climate change, particularly if no mechanical cooling is used. The energy use of buildings contributes to climate change through greenhouse gas emissions. It is, therefore, necessary to analyze the effects of climate change on the overheating risk and energy demand of residential buildings and to assess the efficiency of various measures to alleviate the overheating. In this study, simulations of dynamic energy and indoor conditions in a new and an old apartment building are performed using two climate scenarios for southern Finland, one for average and the other for extreme weather conditions in 2050. The evaluated measures against overheating included orientations, blinds, site shading, window properties, openable windows, the split cooling unit, and the ventilation cooling and ventilation boost. In both buildings, the overheating risk is high in the current and projected future average climate and, in particular, during exceptionally hot summers. The indoor conditions are occasionally even injurious for the health of occupants. The openable windows and ventilation cooling with ventilation boost were effective in improving the indoor conditions, during both current and future average and extreme weather conditions. However, the split cooling unit installed in the living room was the only studied solution able to completely prevent overheating in all the spaces with a fairly small amount of extra energy usage.

Sign in / Sign up

Export Citation Format

Share Document