Climate Risk Insurance in Pacific Small Island Developing States: Possibilities, Challenges and Vulnerabilities

CANBERRA, Australia, Apr 14 (IPS) – The World Bank lists Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu as Pacific Small Islands Developing States (PSIDS). Some listings also include the Cook Islands, Niue and Tokelau. In September 2019, these countries had a combined population of 2.3 million spread over hundreds of islands spread over an area roughly equivalent to 15% of the surface area of the earth. Of these, the most populated country – Fiji – has a population of 900,000. The World Bank’s World Development Indicators reveal that annual per capita GDP of these islands fell from $4,340 in 2018 to $3,768 in 2020. It has probably fallen further during the pandemic.

Read the full story, “Climate Risk Insurance in Pacific Small Island Developing States: Possibilities, Challenges and Vulnerabilities”, on globalissues.org

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Oil Crisis Offers Opportunities to the South and to the Green Energy Transition

CARACAS, Apr 13 (IPS) – The oil and gas supply crisis unleashed by the Russian invasion of Ukraine represents new business opportunities for the oil-producing countries of the developing South, both traditional and emerging, and also for accelerating the global transition to green forms of energy.

Read the full story, “Oil Crisis Offers Opportunities to the South and to the Green Energy Transition”, on globalissues.org

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