Building climate resilience
Building climate resilience, transferring risks and financing local adaptation
The Climate Change Adaptation Project (CCAP) was an initiative which developed and applied a financing and risk insurance model to rice and corn farmers in vulnerable aras of Agusan del Norte in North Eastern Mindanao, Southern Philippines. This is an area that is highly vulnerable to climate-related disasters, and particularly with farmers dependent on "good weather" for their survival and livelihoods.
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Climate-related disasters represent a major source of risks for the poor in the Philippines, particularly for the poor farmers who are dependent on "good weather" for their survival and livelihood. The unpredictable weather patterns climate change brings such as the increasing frequency and intensity of extreme weather events like floods, droughts and typhoons, makes more uncertain the farming activity.