It’s been a week since the closing of the Bonn Climate Change Conference. A small victory occurred with the passing of a global insurance plan that by 2020 will help protect 400 million poor and vulnerable people around the world. The project, called the InsuResilience Global Partnership, aims to provide insurance against damage caused by global warming.
Naturally, this project is fraught with controversy. Instead of having the richer nations, who are generally the bigger polluters, pay for climate disaster relief, this initiative actually pushes poor people in poor countries to pay an insurance premium.