G20 Countries Should Address Resilience to Warming Planet
In a press release ahead of the G20 summit, Peter Höppe, Chairman of the Munich Climate Insurance Initiative (MCII) and Head of Geo Risks Research/Corporate Climate Centre at Munich Re said, "It is high time that G20 nations take responsibility to support the most vulnerable countries in their fight against climate change and the increasingly severe impacts of floods, heatwaves and changing weather patterns."
"One major milestone would be a climate insurance partnership that helps vulnerable and poor countries and communities better cushion the impacts of extreme climatic events," he added.
The G20 Summit concluded with a "Climate and Energy Action Plan for Growth," which includes an effort to "encourage multilateral institutions to develop options for innovative climate and disaster risk finance solutions."