PRESS RELEASE At COP30, ICLEI and KfW scale up safety net for cities in Latin America and the Caribbean to €58 million, linking disaster risk insurance with adaptation finance

Summary

Cities in Latin America and the Caribbean are highly vulnerable to climate change impacts but often lack adequate financing for disaster preparedness and adaptation. ICLEI and KfW have scaled up their ProUrbano program to €58 million until 2030, which combines disaster risk insurance with adaptation finance to help cities understand, transfer, and finance climate risks. Building on a successful first phase that piloted insurance solutions in ten cities, the expanded program aims to strengthen urban resilience by linking risk data to financeable projects and onboarding more local governments in the region.

Key Facts

Source Document

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