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Can a regional insurance mechanism enhance resilience to slow onset impacts of climate change?
Citation
Wenta, J and McGee, J and Phelan, L, Can a regional insurance mechanism enhance resilience to slow onset impacts of climate change?, University of Tasmania Law Review, 35, (2) pp. 23-57. ISSN 0082-2108 (2016) [Refereed Article]
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Copyright Statement
Copyright 2016 University of Tasmania Law Review
Official URL: http://www.utas.edu.au/law/publications/university...
Abstract
As the likelihood of adverse climate change impacts increases, adaptation and loss and damage are receiving greater attention in international climate governance. Insurance has repeatedly been raised in international climate negotiations as a potential loss spreading component of responses to climate change. More recent analyses of insurance for climate change-related losses have focused primarily on extreme weather events, such as cyclones. The role of insurance in addressing slow onset impacts, such as sea level rise, has been seriously questioned. We argue that a regional insurance mechanism could contribute to both adaptation strategies and efforts to address loss and damage by enhancing resilience to slow onset impacts of climate change. Further, we demonstrate how equity considerations underpinning the UNFCCC might be reflected in the design and operation of an insurance mechanism directed at slow onset impacts.
Item Details
Item Type: | Refereed Article |
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Keywords: | climate change, sea level rise, insurance, adaptation |
Research Division: | Law and Legal Studies |
Research Group: | Environmental and resources law |
Research Field: | Environmental law |
Objective Division: | Environmental Policy, Climate Change and Natural Hazards |
Objective Group: | Adaptation to climate change |
Objective Field: | Climate change adaptation measures (excl. ecosystem) |
UTAS Author: | Wenta, J (Mr Joseph Wenta) |
UTAS Author: | McGee, J (Associate Professor Jeffrey McGee) |
ID Code: | 114301 |
Year Published: | 2016 |
Deposited By: | Office of the Faculty of Law |
Deposited On: | 2017-02-10 |
Last Modified: | 2017-11-13 |
Downloads: | 1 View Download Statistics |
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