Linking weather forecasts and risk financing

Eastern Caribbean states are highly exposed to extreme weather. Advances in impact forecasting and disaster risk financing create opportunities for reducing the impacts of imminent disasters; but proponents of ‘forecast-based early action’ must be careful to avoid crowding out longer-term investments in reducing risk. A study funded by Adapt’Action proposes a rethink of risk governance and an approach to anticipating shocks and reducing impacts in a fiscally constrained environment.