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António Guterres: 50% of All Climate Finance Needed for Adaptation

António Guterres: 50% of All Climate Finance Needed for Adaptation
unfccc.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from unfccc.int Daily Mail and Mail on Sunday newspapers.

J ca gets $500m Tropical Cyclone Zeta/Eta pay-out from CCRIF policy

Finance Minister Dr Nigel Clarke The Government of Jamaica received a payment of $500 million in December 2020 in respect of the 2020/21 Excess Rainfall policy, held with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) Segregated Portfolio Company, Finance Minister Dr Nigel Clarke has announced. The pay-out was related to the intense and persistent rainfall associated with Tropical Cyclones Zeta and Eta, in October and November respectively, which caused loss of lives and significant damage, particularly to the country’s road network. Jamaica’s subscription to CCRIF forms part of the GOJ’s larger, multi-year framework developed to manage the financing of disaster risk.

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