Title: Parametric Insurance & Carbon Risk

Language: English

Type: Website

Nature: Website

Published: November 12, 2021


Region: Global

Country: Global / Non-Specific

Topic: Emission Reduction Program

Keywords: PPPs by Topic *, Emission Reduction Program **, Carbon

Document Link(s):


Document Summary:

Growing wildfire risks hinder carbon offset efforts.


Document Details:

Burning more often, more intensely, and for longer – wildfires are increasingly impacting the global forestry industry, calling for parametric insurance to cover the risks. As the demand for forestry assets continues to rise steadily, wildfire represents an increasingly significant risk exposure. To date, more than 17,000 wildfires have burned over 800,000 acres in the US -meaning that an average of about 6 acres per minute are burned. Much of western US is already suffering from severe drought, and the hot and dry weather that human-caused global warming has brought about will accelerate the risk of wildfires accordingly.


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