COP27: African facility launched with $14bn to cover climate risks
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

COP27: African facility launched with $14bn to cover climate risks

Marcel Le Gouais
15 November 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
africa_map_cop_27_2022.png
Photo: UNFCCC

An international group of insurance and finance firms convened in Kenya has launched the Africa Climate Risk Facility, with a commitment to underwrite $14bn of cover to protect 1.4 billion people against climate disasters by 2030.

The Nairobi Declaration on Sustainable Insurance, which secured more than 85 signatories including insurance firms to provide the cover, launched the facility at the COP27 conference with an aim to scale underwriting for coverage against floods, droughts and tropical...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

ESGNews
LeGouais_Marcel.png
Marcel Le Gouais
Deputy Editor
Gift this article