Taarika Peres

In the face of rising climate risks, Uganda must mobilize more than USD 28 billion by 2030 to meet its adaptation and mitigation goals. Yet climate finance remains far below what is needed from both domestic and international sources, across the public and private sectors.

Amidst increasing climate-related risks and growing investment needs, insurance is critical to supporting economic resilience and unlocking much-needed finance in emerging markets and developing economies (EMDEs). Climate-related insurance coverage for physical assets can support economic resilience and rapid reconstruction in the event of climate-induced or accelerated hazards, such as cyclones, flooding, and drought.

The agricultural sector is a cornerstone of economic growth in emerging markets and developing economies (EMDEs). However, it faces a critical double bind: it is the primary source of environmental pressure, and producers are increasingly vulnerable to extreme weather and lack the financial tools and technical support needed to transition to regenerative agriculture practicess.