Abstract:
Climate finance and risk insurance solutions are part of a comprehensive disaster risk management approach that can help grow economies and help protect lives, livelihoods, businesses, infrastructure, and public finances by strengthening disaster preparedness, rapid response, and recovery. Vietnam is facing many losses due to natural disasters and climate change. Therefore, Vietnam needs a reasonable basis to develop climate risk insurance to mitigate the negative impacts of climate change on the socioeconomic. This article will analyze the experiences of China, the Philippines, and Indonesia in climate risk insurance and its application opportunities to Vietnam through policy suggestions.
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