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EU Commission proposes climate resilience framework with cat bonds focus
Original: EU Commission proposes climate resilience framework, highlights cat bonds & reinsurance
The European Commission has put forward a new climate resilience framework, with particular attention to catastrophe bonds and reinsurance as tools for managing climate-related risks. The proposal, reported by insurance industry publication Artemis, signals the EU's intent to broaden the use of risk transfer mechanisms to help member states absorb losses from extreme weather and adapt to a changing climate.
Why now: The EU proposal directly addresses growing concerns over climate-related financial losses and how Europe will fund disaster resilience.
European CommissionEuropean Unioncatastrophe bondsreinsurance industry
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- EU Commission proposes climate resilience framework, highlights cat bonds & reinsurance · Artemis.bm
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