Abstract

The loss and damage caused by climate change and measures to overcome these issues are a global concern. The purpose of this study is to explore the possibility of climate change adaptation insurance and to suggest a specific climate insurance plan to manage risks to the domestic tourism sector, which are expected to suffer from damage and loss due to climate change. In order to present a climate change adaptation insurance plan for the tourism sector, analysis of existing case studies, stakeholder interviews and surveys were conducted, and three specific plans were developed through an expert forum. For small business owners, tourists, cultural facilities, and cultural properties, an insurance policy was proposed to distribute risks in sectors where damage and loss are not guaranteed with existing insurance. Through this research, various limitations such as the definition of climate insurance, limitations on collecting related data, and the lack stakeholder awareness were identified. Nevertheless, forays into studying the damage and loss related to climate change and how to overcome these challenges, such as climate insurance, will provide important insight on this growing issue.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call