Greening the Financial Sector

pp 111-164

Open Access This content is freely available online to anyone, anywhere at any time.


The Roles of Weather Insurance and the Carbon Market

  • Jerry R. SkeesAffiliated withGlobalAgRisk, Inc.
  • , Benjamin CollierAffiliated withGlobalAgRisk, Inc.


This chapter discusses two financial markets — the carbon and weather markets — and their potential role in helping stakeholders address climate change more effectively. While this chapter focuses on how these markets can benefit the poor in developing countries, it also examines the major constraints that must be addressed before the poor can gain access to carbon and weather markets. It also suggests how governments and donors might effectively facilitate sustainable carbon and weather market activity in developing countries.