Earlier this month Responsible-Investor reported that lobby groups (who represent more than 100 international insurance companies) are calling for governments to partner with them on research on climate change risks, as well as supporting specialist insurance contracts in developing countries where the impacts will likely be much worse than here in the U.S.

The statement was issued by ClimateWise, the global collaboration of insurers focused on reducing climate change risks, that was founded in 2007 by HRH The Prince of Wales, The Geneva Association, the Munich Climate Insurance Initiative (MCII) and the United Nations Environment Programme Finance Initiative (UNEP FI). 

The statement was aimed at the UN Climate Convention meeting in Mexico in December, and said that governments could do better to protect and reduce the vulnerability of developing countries “from natural disasters by investments in reliable, publicly available risk exposure data as well as further research on regional public-private partnerships and microinsurance schemes, which, it said, could reduce losses for climate risks” (Responsible-Investor).

What do you think? Is government responsible for helping countries reduce the impacts of climate change? Should they be? Discuss!

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