Climate risk insurance for livestock farmers in the Kyrgyz Republic [EN/RU] - Kyrgyzstan - ReliefWeb
Climate risk insurance for livestock farmers in the Kyrgyz Republic [EN/RU] - Kyrgyzstan | ReliefWeb
The World Food Programme (WFP) in the Kyrgyz Republic, with financial support from the Swiss Agency for Development and Cooperation (SDC), has developed a Climate Risk Insurance product benefiting livestock farmers in the Kyrgyz Republic, which aims to:
Assist livestock farmers in obtaining financial resources to purchase fodder in the event of scarcity and/or high prices, or when grazing is not possible or meaningful due to extreme drought and extreme and extended winters
Increase the financial sustainability of livestock farmers through cash payments and in-kind support, improving their food security and nutritional status
Contribute to the prosperity of the livestock sector
Prevent households from selling productive assets and stimulate faster recovery. Farmers can boost agricultural productivity by investing in seeds, fertilizers, and innovative technologies
Strengthen the technical and financial capacity of local governments and district authorities and pasture committees to improve pasture management and protect households with Social-Passport with livestock from climate-related shocks
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”