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Insurance companies increasingly worry that escalating climate extremes could destabilise financial systems, not their balance sheets – an anxiety felt acutely in Asia Pacific, a MSCI study finds.
Importing more sustainable produce and boosting green finance could help accelerate the greening of agriculture across developing Asia, write three experts.
Without intervention, rice – the country’s primary staple food – could lose up to 60 per cent of its ability to grow by 2050, found a report by the Philippine Climate Change Assessment. Crop insurance was cited by researchers as among the means towards improving food security.
Creating good policies requires better data gathering and a fairer allocation of resources, otherwise farmers bear all the risks.
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