WB: SCCF Funding to Help Build Catastrophe and Weather Risk Insurance Markets and Enhance Adaptive Capacity to Climate Change in Southeastern Europe

Europa Re, a catastrophe and weather risk reinsurance facility, is receiving fresh support in its efforts to help governments in Southeastern Europe adapt to climate change. The Special Climate Change Fund (SCCF), administered by the Global Environment Facility (GEF), is providing $5.5 million to fund the technical and regulatory work needed to develop catastrophe and weather-risk insurance markets, and mitigate the negative impact of climate change in Albania, FYR Macedonia, and Serbia, ...

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