Insurance and the contradictions of the climate-development-finance nexus: The case of the African Risk Capacity
James Chamberlain,
Nick Bernards
Abstract:This article considers recent efforts at extending the scope of green finance into insurance schemes to manage the losses associated with the climate crisis in vulnerable countries. Focusing on the case of the African Risk Capacity (ARC), the article argues that these efforts are particularly revealing of the contradictions of what we term the ‘climate-development-finance nexus’ – growing efforts to bridge climate and development activities, with an emphasis on mobilizing green finance in order to do so. In pa… Show more
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