This report aims at making the case for developing and implementing a comprehensive, structured approach at the local, national, regional and international levels to deal with residual risk associated with climate-related events. The report focuses on the Caribbean region with a special emphasis on Grenada, which illustrates the consequences and the responses to deal with climate risk arising from climate change-related extreme events and slow onset changes through concrete case studies.

Tropical Cyclone Pam has been recognised as an opportunity to learn lessons and draw up recommendations for [German] development cooperation and its partners in the region on how to address the issue of comprehensive climate risk management, including climate risk insurance. The objectives of this study were to identify those lessons in order to inform Germany’s current and future regional cooperation in Vanuatu and the South Pacific region. The study gives an overview of socio-economic characteristics, disaster risk, and CRM institutions and programmes in Vanuatu and the region.