#1379
overall
Manfredi Trapolino
Building resilience to climate disasters: the rise of catastrophe bonds
Catastrophe bonds are increasingly establishing themselves as a valid and holistic solution for disaster risk management in developing areas, allowing to transfer to the capital market part of the risks associated with the occurrence of exceptional events, such as hurricanes, earthquakes, droughts and floods. They promote the resilience of both communities and financial systems by partially covering the exorbitant costs of climate disasters, putting the world on a path for a sustainable and more equitable future.
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