World Bank advises South Africa on climate risk strategy post-floods, suggesting insurance or contingency funds for municipalities.
World Bank advises South Africa's National Treasury on climate risk strategy after damaging floods. Possible solutions include climate insurance or a contingency fund for adverse weather events. Municipalities may be incentivized to invest in infrastructure and measures to reduce the impact of unexpected weather events. The plan aims to address gaps in financing, fund management, and data for monitoring.
April 24, 2024
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