Climate change cat bonds prepped

Climate change cat bonds prepped

Category: Insurance-linked securities ABS

Previous Story       Next Story

African Risk Capacity (ARC) has unveiled the Extreme Climate Facility (XCF), a multi-year funding mechanism that will issue climate change catastrophe bonds. The bonds - which are expected to be issued in 2016 - will provide additional financing to participating countries to enhance their climate adaptation investments, in the event that weather shocks increase in occurrence and intensity across the African continent.

Already registered?

Not yet registered? Join today to access SCI Content.