Friday, Nov 24 2017 | Time 22:15 Hrs(IST)
image
  • BJP fields Gujarati actor & lawmaker's Bahu in fifth list
  • Police naik in ACB net in Jalna dustrict
  • Stop import of onions: Pawar
  • Did lot of research of role: Simon-Al-Bazoon
  • Censorship not just restricted to cinema: Rohini
  • Pak LeT militant caught alive in Kashmir
  • Dhoni to attend Chinar Cricket Premier League final on Nov 26 in Kashmir
  • Need to curb pollution levels in tier-II cities to prevent them from becoming like Delhi: Transport Minister
  • New policy to boost real estate sector, regularisation of unauthorized colonies by next month: Vinni Mahajan
  • 9 narcotic smugglers arrested; narcotics worth crores, Rs 24'23 lakh in cash seized in J&K
  • NCP to protest against Fadnavis Govt from Dec 1
  • Militants kill more than 230 at mosque in Egypt's North Sinai
  • Sangli custodial death: Kothale family moves HC, demand SIT probe into Aniket's murder
  • After HC order 'S' Durga's cast urges jury to watch film again
  • ‘Team Dangal’ led by Nitesh Tiwari conducts a master class at IFFI 2017
World Share

COP23: Initiative for climate-related disasters

COP23: Initiative for climate-related disasters

Bonn, Germany, Nov 15 (UNI) On the heels of one of the worst – and most costly – Atlantic hurricane seasons on record, a global initiative was launched Tuesday at the United Nations Climate Change Conference (COP23) here with the aim of providing insurance to hundreds of millions of vulnerable people by 2020 and to increase the resilience of developing countries against the impacts of climate change.

In 2017, extreme weather events are estimated to have caused more than $200 billion worth of damage worldwide, as hurricanes, droughts and rising sea levels devastated vulnerable communities with increased frequency and intensity. In the face of skyrocketing costs, new forms of financial protection have become an increasingly urgent part of the climate change discussion, the UN News said.

The InsuResilience Global Partnership is a major scaling-up of an initiative started by the G7 in 2015 under the German Presidency. It aims at meeting the pledge of providing cover and support to an extra 400 million vulnerable people by 2020.

The Global Partnership now brings together G20 countries in partnership with the so called ‘V20’ nations, a group of 49 of the most vulnerable countries including small islands like Fiji, which holds the Presidency of COP23.

“The Global Partnership is a practical response to the needs of those who suffer loss because of climate change,” said the COP23 President and Fijian Prime Minister Frank Bainimarama.

This announcement on climate risk insurance was made a day before the high-level segment of COP23, which Heads of State and Government, Ministers, and UN Secretary-General António Guterres are expected to attend.

Thomas Silberhorn, Parliamentary State Secretary to the German Federal Minister for Economic Cooperation and Development, announced support of 125 million dollar for the new Global Partnership as part of the launch. This follows the £30 million commitment to the initiative made by the British Government in July 2017.

“Climate risk insurance is a response to the simple fact that extreme weather events are constantly increasing in number and intensity, and also a response to our experience that the international community and the countries affected by extreme weather events tend to really act after those incidents occurred and they tend to come too late and to intervene not significantly enough,” Mr. Silberhorn told a press conference.

“So our intention is to act more preemptively, to act in time, and to act decisively in order to reduce the impact of extreme weather events. Insurance is one tool to address this challenge,” he added.

The Global Partnership supports data and risk analysis, technical assistance and capacity building according to countries needs and priorities, solutions design of concrete risk finance and insurance solutions, smart support for the implementation for such schemes and monitoring and evaluation efforts.

“This new and higher-ambition initiative represents one shining example of what can be delivered when progressive governments, civil society and the private sector join hands with creativity and determination to provide solutions,” said Patricia Espinosa, Executive Secretary of the UN Climate Change secretariat (UNFCCC).

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), for example, is being supported with the help of ‘InsuResilience.’ The most recent example of support was in September 2017, when more than $55 million was paid out to 10 Caribbean countries within 14 days of hurricanes Irma and Maria, which left an arc of destruction across the region.

The money was used in various ways, for example, to quickly buy urgently needed medicines and to build emergency shelters for the people affected by the storms.

In Zambia, InsuResilience supports the NWK Agri-Services cotton company, which offers direct weather and life insurance to small contract farmers. In 2015, some 52,000 farmers decided to buy insurance. Following a major drought in 2016, more than 23,000 farmers received payments.

UNi XC-SNU 1150

Top News
Prez to inaugurate International Gita Mahotsava 2017 tom

Prez to inaugurate International Gita Mahotsava 2017 tom

New Delhi, Nov 24 (UNI) President Ram Nath Kovind will inaugurate the International Gita Mahotsava-2017 tomorrow in Kurukshetra in Haryana.

see more..
S&P rating affirms govt taking economy on right track: Sitharaman

S&P rating affirms govt taking economy on right track: Sitharaman

New Delhi, Nov 24 (UNI) Minister of Defence and former Commerce Minister Nirmala Sitharaman on Friday hailed Standard & Poor (S&P) latest rating for India and said this showed the Indian economy was strong and the government was taking it on the right track.

see more..
Petroleum Ministry in last stage of finalising new National Policy on Bio-Fuels: Pradhan

Petroleum Ministry in last stage of finalising new National Policy on Bio-Fuels: Pradhan

Pune, Nov 24 (UNI) Minister of Petroleum and Natural Gas, Skill Development and Entrepreneurship Dharmendra Pradhan on Friday said that his Ministry was in the final stage of finalising the new National Policy on bio-fuels.

see more..
Kejriwal meets delegation of Delhi Minorities Commission

Kejriwal meets delegation of Delhi Minorities Commission

New Delhi, Nov 24 (UNI) Delhi Chief Minister Arvind Kejriwal on Friday met a delegation of Delhi Minorities Commission led by its’ chairman Dr Zafarul-Islam Khan and released the Annual Report of the activities and initiatives of the commission for the year 2016-17.

see more..
AFMS delivers medical care for soldiers, families with professionalism: Prez

AFMS delivers medical care for soldiers, families with professionalism: Prez

New Delhi, Nov 24 (UNI) Lauding the Armed Forces Medical Services for providing stellar service not only to the armed forces but also in the service of the nation both in peace and war, President Ram Nath Kovind on Friday said the onus of promoting and delivering preventive, curative and rehabilitative medical care for the serving soldier and his family has been carried out by the AFMS with commendable professionalism.

see more..
US condemns Saeed's release, demands rearrest

US condemns Saeed's release, demands rearrest

New Delhi/ Washington, Nov 24 (UNI) Expressing concern over the release of Lashkar-e-Tayyiba (LeT) leader and mastermind of Mumbai terror attack Hafiz Saeed, the US on Friday demanded his rearrest by the Pakistan government.

see more..
3 killed, 9 injured as residential building collapses in Thane

3 killed, 9 injured as residential building collapses in Thane

Thane, Nov 24 (UNI) At least three people, including an elderly woman and a teenage girl, were crushed to death and nine others injured when a four-storey residential building collapsed in Bhiwandi town of the district on Friday morning.

see more..
image