This study serves as a basis for developing a Climate and Disaster Risk Financing Strategy for Zambia, which is a plan that outlines how to best arrange various financial instruments/mechanisms to cover economic impacts of climate and disaster events. The study quantifies Zambia’s “protection gap” by comparing expected economic impacts from floods and droughts to the extent currently covered by available pre-arranged financial mechanisms.
The study was developed as part of a complementary work on risk financing for the Climate Risk Analysis in Zambia that has been implemented by the Potsdam Institute for Climate Impact Research (PIK) and GIZ as part of the “Climate Risk Analyses for Adaptation Planning in Sub-Saharan Africa (AGRICA)” project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
