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Navigating Climate Finance and Insurance Challenges
This chapter explores the crucial intersection of climate finance and risk management, emphasizing the complexities of carbon credit systems and their implications on afforestation projects amidst extreme weather events. The discussion highlights the evolving responsibilities of the insurance industry, the impact of innovative startups addressing high-risk areas, and the need for collaboration between the private sector and government. It also delves into recent developments in carbon markets, including penalties for non-compliance, the role of major corporations, and the importance of effective data utilization in climate strategies.