2007 Reports

Working Paper: Poverty Traps and Climate and Weather Risk: Limitations and Opportunities of Index-based Risk Financing

Barrett, Christopher B.; Barnett, Barry J.; Carter, Michael R.; Chantarat, Sommarat; Hansen, James W.; Mude, Andrew G.; Osgood, Daniel E.; Skees, Jerry R.; Turvey, Calum G.; Ward, M. Neil

This paper examines the linkage between climate and weather risks and
shocks and poverty traps by integrating diverse literatures on a wide range of related topics that enhance our understanding of how climate and weather shocks impact both poverty and development. That understanding is used to enlighten our evaluation of the potential developmental role of innovations in index-based risk financing for catastrophic climate and weather shocks.