GIZ, a German Development Agency, together with the Munich Climate Insurance Initiative (MCII), is partnering countries including Ghana to build up an environment resilience toolbox to mitigate climate impact over these countries.

Ghana is currently validating her toolbox initiative to assemble inputs from various stakeholders that might be utilizing it during the communities and also at the national level.

Ghana’s toolbox is primarily developed for government officials during the agricultural sector for the macro and micro levels, which are while improving their disaster risk management framework and implementing interventions while in the agricultural sector.

During a side-event for the just ended UN Conference of Parties (COP23) on Java prices in Bonn, Germany, Ms Gaby Ramm, Advisor to the GIZ including a person in the MCII, said the toolbox, among other things, was meant to support disaster management and invite information flow on extreme weather as well as influence on the agricultural sector.

It would also allow countries to figure out whether their current disaster risk management mechanisms were efficient and effective and get the gaps that must be addressed.

Ms Ramm noted that your toolbox ended up being help review and design relevant response and recovery programmes to aid build more resilient systems and enable government officials the strain support micro, medium and small enterprises.

Dr Daniel Asare-Kyei, the Consultant for GIZ Risk Toolbox Validation in Ghana, said: “The toolbox is definitely an approach process that would guide people developing insurance product for your agriculture sector.”

He said Ghana’s Toolbox Draft was ready and being tested among potential users to solicit their views on its relevance.

He said their feedback would culminate in finalising the documents that might be published making it on the market to key stakeholders like Secretary of state for Finance, Food and Agriculture and the National Disaster Management Organisation.

Later within the interview while using the GNA in Bonn, Dr Asare-Kyei said the toolbox handled every phase of disaster risk management adding how the validation would in close proximity get rid of November additionally, the final document published early 2018.

He said GIZ and NADMO were the institutions that were promoting the toolbox and seeing for their actual implementation.

The toolbox addresses priorities and develops practical experiences of adaptation decision-makers in countries like India, Indonesia, Mexico, the Philippines, Tunisia, Africa, Grenada and Germany, that were all partner countries with the Inventory of Strategies to Adaptation to Global warming (IMACC) Project.

GIZ, has therefore, produced multiple tools for monitoring and evaluation of adaptation to costs rising at the national and project level.

The international community a lot more realises the requirement of urgent and concrete action in mitigating our planets atmosphere and addressing its impacts by effectively supporting vulnerable countries efforts to regulate our planets atmosphere induced disasters.

This need was particularly recognised within the June 2014 G7 Summit along with the 2014 UN Climate Summit in September, and was really a real picture while in the UNFCCC COP-20 in 2014, the modern world Conference on Disaster Risk Loss of March 2015 as well as the 2015 G7 Summit.

As a danger transfer instrument, climate risk insurance policies are competent to mitigate adverse consequences of climate-change related extreme weather events and can even minimize the cost and optimise the timing of meeting post-disaster funding needs without compromising development goals, fiscal stability and be an aid to alleviate human suffering while lowering the lack of livelihoods.

The overall objective of your G7 CRII, therefore, is to stimulate the development of effective climate risk insurance markets in relevant regions worldwide.

From November 6-17, government delegates and leaders from sectors of society gathered in Bonn, Germany underneath the Presidency of Fiji, to share making progress for the successful, inclusive and ambitious implementation from the 2015 Paris Agreement.

This included negotiations over the implementation guidelines for transparent climate action under the Paris Agreement, and also showcasing cooperative climate action, including vulnerability and resilience from world wide.

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