Review on the Link between Technological Change, Climate Finance, and Market in Mitigating Climate Change

Dawid, Ibsa; Mohammed, Feysal

doi:10.37745/ijwcccr.15/vol8n1pp15

Cited by 2 publications

(2 citation statements)

References 2 publications

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“…The global community is driving an effort to prevent the trend of climate change impacts by considering the potential impacts of climate change (Dawid & Mohammed, 2022). Local climatic data assessment helps to understand the risks associated with climatic variability, providing valuable insights for risk assessment and adaptation strategies (Sharma et al, 2021).…”

Section: Global State Of Climate Risk Assessmentmentioning

confidence: 99%

Climate risk assessment in insurance: A USA and Africa Review

Olusegun Gbenga Odunaiya,

Chinwe Chinazo Okoye,

Ekene Ezinwa Nwankwo

et al. 2024

Int. J. Sci. Res. Arch.

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Climate risk assessment in insurance is a critical component of understanding and mitigating the impacts of climate change on the insurance industry. This paper provides a comprehensive review of climate risk assessment practices in the insurance sector, focusing on both the United States (USA) and Africa. The study explores the unique challenges and opportunities each region faces in the context of climate-related risks. In the USA, a mature and well-established insurance market grapples with the increasing frequency and severity of climate-related events. Hurricanes, wildfires, and floods have become more prevalent, necessitating a thorough evaluation of risk models and actuarial practices. The paper delves into how American insurers are adapting to these challenges through advancements in technology, data analytics, and collaboration with climate scientists. The role of regulatory frameworks and government initiatives in shaping the industry's response is also explored. Contrastingly, the African insurance landscape faces its own set of challenges in the wake of climate change. The continent is particularly vulnerable to extreme weather events, such as droughts and storms, impacting both agriculture and infrastructure. The paper investigates the unique considerations in climate risk assessment for African insurers, including the need for localized data, community-based resilience initiatives, and the potential for innovative insurance products that cater to the specific needs of the population. A comparative analysis highlights the disparities in resources, infrastructure, and regulatory frameworks between the two regions. It also underscores the importance of international collaboration in sharing best practices and facilitating the transfer of knowledge and technology. The paper emphasizes the role of insurers not only as financial risk mitigators but also as key stakeholders in promoting climate resilience and sustainability. This paper provides valuable insights into the evolving landscape of climate risk assessment in insurance, offering a nuanced understanding of the challenges faced by the USA and Africa. The findings aim to inform policymakers, insurers, and other stakeholders, fostering a proactive approach to climate resilience in the global insurance industry.

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Section: Global State Of Climate Risk Assessmentmentioning

confidence: 99%

Climate risk assessment in insurance: A USA and Africa Review

Olusegun Gbenga Odunaiya,

Chinwe Chinazo Okoye,

Ekene Ezinwa Nwankwo

et al. 2024

Int. J. Sci. Res. Arch.

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“…Global warming is entering a critical stage of a climate crisis and urging us to significantly transform the national economy, industrial structure, and lifestyles. Much research has been conducted on environmental changes associated with global warming, and various future projections have been made [1,2]. IPCC's Working Group I, which discusses the physical science basis, in its sixth assessment report [3], used the word "equivocal" to describe the impact of human activities on global warming as, 'It is clear that human impacts are warming the atmosphere, oceans and land.'…”

Section: Introductionmentioning

confidence: 99%

Co-development of Low-speed Electric Community Buses for Local Area Revitalization

Amagai¹,

Kotake²,

Munemura³

et al. 2023

J Energ Power Technol

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This paper describes the development of low-speed electric community buses (LSECBs) designed by the author's group and their spread situation in Japan. LSECBs are electric vehicles that can travel on public roads at speeds of less than 5.56 m/s (20 km/h). The university, local government, local businesses, and residents with a co-design approach developed the LSECBs. They have various advantages such as safety due to low speed and low energy consumption. In particular, the LSECBs have features not found in ordinary vehicles, such as the ability to friendly talk with other passengers in the vehicle and to see the surroundings. The purpose of using LSECBs is mostly for sightseeing, but they are also used to enhance the mobility of elderly people in the community. In Japan, public transportation plans are formulated by each local government, but local governments with weak finances do not provide sufficient financial support to the companies responsible for public transportation. As a result, public transportation services have been reduced or eliminated due to the business conditions of private companies, and many elderly people with reduced mobility, called "people with shopping difficulties," have been left behind. Under these situations, it is necessary to discuss what kind of contribution LSECBs can make. Moreover, the LSECBs require special driving methods so as not to cause traffic congestion when mixed with other ordinal vehicles. In this paper, we report on the development concept, features of the LSECBs, their special driving method, positioning as a transportation policy, and their potential as stainable mobility.

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Review on the Link between Technological Change, Climate Finance, and Market in Mitigating Climate Change

Cited by 2 publications

References 2 publications

Climate risk assessment in insurance: A USA and Africa Review

Climate risk assessment in insurance: A USA and Africa Review

Co-development of Low-speed Electric Community Buses for Local Area Revitalization

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