Two experts from the Executive Secretariat of the National Council for the Environment and Sustainable Development (CNEDD) visited Senegal to benefit from the country's experience in climate insurance for the development of a similar project in Niger
The negative impacts of climate change on agricultural yields and food security situation Africa are worrying. Projected yield reductions in some countries could reach 50% by 2020, and net crop revenues could fall by 90% by 2100, with small farmers being the most severely affected. Risks related to weather and climate shocks are critical constraints for rural people who are engaged in agricultural activities or whose livelihoods are highly dependent on the agricultural sector.
Article 4.8 of the UNFCCC mentions "insurance" as one of the main means of responding to the negative impacts of climate change (as well as financing and technology transfer). Insurance can indeed be an effective tool for climate risk management when combined with other measures such as early warning systems, risk information, disaster risk reduction and adaptation to climate change.
Recently, indexed risk transfer products such as index insurance have emerged as a potentially effective climate risk transfer mechanism for rural populations. Insurance is linked to an index, often meteorological, such as rainfall, temperature, humidity or crop yields, rather than actual loss.
Two experts from the Executive Secretariat of the National Council for the Environment and Sustainable Development (CNEDD) visited Senegal to benefit from the country's experience on climate insurance for the development of a similar project in Niger.
With this study trip Nigerian managers have better understood the methods used in Senegal by the agricultural index insurance project to identify and select intervention sites and collect basic data. Thanks to lessons learned, Niger has better prepared its pilot climate insurance index against drought, adopting a similar methodology for identifying project implementation sites and better ways of collecting data.
Supported by: UNDP
Implemented by: Executive Secretariat of the National Council for the Environment and Sustainable Development (CNEDD)