Building Climate Resilience: Inclusive Green Finance and Parametric Insurance for the Pacific’s Vulnerable Communities

Excerpt and Photo from UNDP.org

As threats from climate change and environmental degradation mount, global attention has turned to inclusive and green financial inclusion policies that respond to the needs of the most vulnerable.

This conversation is especially relevant in the Pacific, a region highly exposed to climate and economic shocks and one that simultaneously struggles to access the finance needed to respond.

There is a growing sense among regional experts that government policy must adapt to support the development of innovative financial solutions that respond to the unique needs of climate-vulnerable populations.

At the 2024 Inclusive Green Finance Working Group (IGFWG) meetings co-hosted in Fiji by the Alliance for Financial Inclusion (AFI) and Reserve Bank of Fiji, this very subject dominated the discussions.