Water and climate adaptation
IIASA is no stranger to the particular challenges faced by Mexico. On 13 March 2012 Prof. Kabat participated in a high-level ministerial roundtable on "Water and Adaptation to Climate Change—The Way Forward," organized by the governments of Mexico, Jordan, and Portugal, which centered on development and implementation of water-based climate change adaptation measures.
In the mid-2000s Mexico's Ministry of Finance began working with IIASA scientists to examine the economic costs and benefits of two methods of transferring the risks of natural disasters to the financial markets: reinsurance and catastrophe bonds. As a result of training of Mexican officials by IIASA using the interactive catastrophe simulation CATSIM, Mexico in 2006 became the first national sovereign to issue catastrophe bonds to hedge earthquake risk, and in 2009 issued a similar financial instrument to cover earthquake and hurricane risk.
Other aspects of IIASA-Mexico collaboration include:
Last edited: 16 November 2012
International Institute for Applied Systems Analysis (IIASA)
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