Windmills in a field
CEADIR’s third webinar, co-hosted by Climatelinks and Marketlinks, will feature parametric insurance for utility-scale variable renewable energy in Central America

Reducing Risks of Renewable Energy Investments through Parametric Insurance

Next in the Climatelinks-CEADIR webinar series
By Santiago Enriquez

Hydro, wind, and solar power are variable renewable energy (VRE) resources that can be substantially reduced by major droughts, floods, or prolonged periods of insufficient wind or sun. The USAID-funded Climate Economic Analysis for Development, Investment, and Resilience (CEADIR) Activity assessed opportunities for domestic insurance companies and international reinsurance companies to offer parametric insurance for utility-scale VRE in Central America. Parametric insurance reduces the financial risks to large, utility-scale VRE investments from extreme weather or climate events that have a major impact on resource availability for power generation. 

Image

Infographic on parametric insurance
How parametric insurance works.

During this next event in a series of joint Climatelinks-CEADIR webinars, the author of this assessment will present findings and opportunities. Representatives of global reinsurance companies SwissRe and MunichRe will also join to discuss their experiences with parametric insurance for utility-scale VRE in Latin America and beyond.

Find out more about this Oct. 1 event, and register to attend.

Sectors
Energy
Strategic Objective
Mitigation
Topics
Adaptation, Carbon, Low Emission Development, Climate Finance, Climate Policy, Climate Risk Management, Clean Energy, Infrastructure, Insurance, Mitigation, Vulnerability Assessment, Private Sector Engagement, Resilience, Self-Reliance, Weather
Region
Global

Santiago Enriquez

Santiago Enriquez has 20 years of experience designing and implementing clean energy, sustainable landscapes, and environmental projects in more than 15 developing countries. His work for CEADIR has included technical assistance to commercial banks on clean energy lending in Central America, cost-benefit analyses on charcoal use and its alternatives in Malawi and Zambia, and a cost-benefit analysis of climate-smart cacao production practices in Ghana. He holds a Master’s degree in Public Policy from Harvard University.

More on the Blog

March marks the onset of the dry and hot season in Thailand. In the region, dry vegetation coupled with small human-made fires often result in uncontrolled forest fires. Agricultural burning and forest fires, including transboundary haze, contribute to high levels of pollution. Forest fires release particulate matter (PM) into the atmosphere including PM2.5 which are microscopic particles with a diameter of 2.5 microns or less – 30 times smaller than the diameter of the human hair.
Climate change and population growth are increasing concerns for global food security. Greenhouse gases in the atmosphere have reached record high levels and the world is currently on track to overshoot the targets of the Paris Agreement, heightening the importance of developing technologies to help farmers adapt to climate change. This is especially urgent for the poorest and most vulnerable farmers, who already struggle to produce enough food.
Air pollution affects women and girls differently than men and boys. These differences include biological and socioeconomic disparities, and unequal gender norms that affect exposure type and frequency.