Risk Financing for Rural Climate Resilience in the Greater Mekong Subregion

Publication | May 2017
Risk Financing for Rural Climate Resilience in the Greater Mekong Subregion

Rural communities in the Greater Mekong Subregion (GMS) are vulnerable to climate-related disasters.

This report presents the findings of a climate risk financing study conducted by the GMS Core Environment Program in 28 rural communities in Cambodia, the Lao People’s Democratic Republic, and Viet Nam. It provides an overview of the frequency and severity of climate-related disasters for the communities, the impact of these on rural livelihoods, and how local people currently manage climate risks. The report also explores what climate risk financing strategies could be applied in such communities, including the potential costs and benefits.

Contents 

  • Executive Summary
  • Introduction
  • Conceptual Framework
  • Study Sites
  • Assessment Methodology
  • Key Findings and Implications
    • Cluster Analysis of Livelihood–Climate Risk Zones
    • Focus Group Discussions
    • Simulation of Extreme Climate Events and Potential Impacts on Livelihoods and Community Development Funds
  • Risk Financing Options
    • Risk Financing Options for Households and Communities
    • Risk Financing Options for Community Development Funds
    • Practical Considerations
    • Potential Impacts of Adopting Risk Financing Options
    • Preliminary Cost-Benefit Analysis of Different Combinations of Risk Financing Options
  • Conclusions