The study says the world needs 10 billion dollars a year for weather insurance funds

Source: Internet
Author: User
Keywords Developing countries Copenhagen
Tags agency called for change demand developing developing countries global demand help
Xinhua Copenhagen, December 17 (Xinhua Priory Huang) A German research institute published a new study here 16th, said the initial estimate of the global demand for 10 billion of dollars in weather insurance funds annually to help developing countries cope with large-scale weather disasters.  The agency called for a climate change conference in Copenhagen to make arrangements for funding.  The agency, known as the Munich Weather Insurance program, says the damage caused by weather disasters has risen by about 10% per cent a year since 1980, and that 90% of the world's weather woes have occurred in developing countries, with the top 10 most seriously affected developing countries. The agency says the establishment of weather insurance funds is a viable way to help developing countries, especially ecologically vulnerable countries, cope with weather disasters.  The current negotiating text includes the use of the international insurance system to deal with weather disasters, but the sources of funding and insurance implementation details need to be further refined. The group says it is facing a "historic opportunity" to reach agreement on funding issues in Copenhagen. With the support of developed countries ' funds, a global weather disaster management system should be established to focus on helping ecologically vulnerable countries cope with weather disasters.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.