Two weeks before the United Nations Climate Change Conference begins in Mexico, three All-Party Parliamentary Groups (APPGs) will be coming together to look at how microinsurance can help farmers in the developing world to reduce their vulnerability to climate change.
On Wednesday 17 November, the APPGs on Agriculture for Development, Climate Change and Microfinance (which is supported by RESULTS UK) are co-hosting a meeting entitled How can microinsurance help the poor to weather life’s storms? The two speakers, Alan Doran, Business and Finance Adviser at Oxfam GB and Richard Leftley, President and CEO of MicroEnsure will give share examples of how microinsurance schemes are already making a difference and highlight the potential for microinsurance to be part of the package of solutions agreed at the UNFCCC meeting later this year.
As RESULTS members know from our October conference call, climate change and poverty are closely interlinked. Rising temperatures and shifting rain patterns due to climate change are impacting farming systems across the world, especially smallhold farmers who work small plots of land, often providing the only food and income their family has access to.
When crops fail due to adverse weather conditions, most small farmers are forced to go hungry and to sell their assets simply to survive, deepening their poverty. Microinsurance is a powerful tool that can help farmers to maintain food and financial security in the event of crop failure as well as invest in farming techniques that will reduce their future vulnerability to climate change.
If you would like to attend the APPG event on 17 November, visit this website for further information.