Caribbean Catastrophe Risk Insurance Facility
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Caribbean Catastrophe Risk Insurance Facility
Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) is an insurance company headquartered in the Cayman Islands. The sixteen original member-countries of CCRIF included participants in CARICOM, and the membership of the Board of Directors is selected by CARICOM and by the Caribbean Development Bank. Founded in 2007, CCRIF is the first multi-country risk pool in the world, and was the first insurance instrument to successfully develop parametric policies backed by both traditional and capital markets. These parametric policies release funds based upon factors of a calamity such as rainfall or wind speed, which can speed up the payout of policies rather than after damages are assessed. Unused funds are kept as reserves for the CCRIF. The fund can also draw upon $140 million in funds underwritten by reinsurance. Other regions have since setup similar government disaster instance including in the African Union and the Pacific Islands Forum. Histo ...
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Cayman Islands
The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the south of Cuba and northeast of Honduras, between Jamaica and Mexico's Yucatán Peninsula. The capital city is George Town on Grand Cayman, which is the most populous of the three islands. The Cayman Islands is considered to be part of the geographic Western Caribbean Zone as well as the Greater Antilles. The territory is a major world offshore financial centre for international businesses and wealthy individuals, largely as a result of the state not charging taxes on any income earned or stored. With a GDP per capita of $91,392, the Cayman Islands has the highest standard of living in the Caribbean. Immigrants from over 130 countries and territories reside in the Cayman Islands. History No archaeological evidence for an indigenous ...
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Segregated Portfolio Company
A segregated portfolio company (or SPC), sometimes referred to as a protected cell company, is a company which segregates the assets and liabilities of different classes (or sometimes series) of shares from each other and from the general assets of the SPC. Segregated portfolio assets comprise assets representing share capital, retained earnings, capital reserves, share premiums and all other assets attributable to or held within the segregated portfolio. The 'protected cell company'' allows for more security and flexibility for international investment structuring. Separation of liability Only the assets of each segregated portfolio are available to meet liabilities to creditors in respect of that segregated portfolio; where there are liabilities arising from a matter attributable to a particular segregated portfolio, the creditor may only have recourse to the assets attributable to that segregated portfolio. Under the laws of some jurisdictions, where the assets of a segregated ...
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Social Safety Net
The social safety net (SSN) consists of non-contributory assistance existing to improve lives of vulnerable families and individuals experiencing poverty and destitution. Examples of SSNs are previously-contributory social pensions, in-kind and food transfers, conditional and unconditional cash transfers, fee waivers, public works, and school feeding programs. The core idea of SSN can be understood as an analogy to a circus artist walking on a tightrope with a net hanging under it, ready to catch the artist if she falls. It is not helping her to get up on the line again, but prevents her from falling to the ground, avoiding potentially life-threatening damages. In the same way, the economic social safety net provides a certain minimum amount of welfare or safety that the society has agreed that no one should fall below. Definitions There is no exact and unified definition of the concept of SSN. The World Bank has one of the widest definitions, but multiple definitions are used b ...
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Science Diplomacy
Science diplomacy is the use of scientific collaborations among nations to address common problems and to build constructive international partnerships. Science diplomacy is a form of new diplomacy and has become an umbrella term to describe a number of formal or informal technical, research-based, academic or engineering exchanges, within the general field of international relations and the emerging field of global policy makin Although diplomacy featuring science is ancient, science diplomacy began to formally emerge in the 1930s, and the term science diplomacy appeared shortly after the end of the Cold War. Science diplomacy is taken to involve the direct promotion of a country's national needs, and/or the direct promotion of cross-border interests, and/or the direct meeting of global challenges and needs, including via the United Nations system and relevant conferences. Its remit thus includes the global networked governance of such major global issues as development of renewa ...
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Republic Of Ireland
Ireland ( ga, Éire ), also known as the Republic of Ireland (), is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland. The capital and largest city is Dublin, on the eastern side of the island. Around 2.1 million of the country's population of 5.13 million people resides in the Greater Dublin Area. The sovereign state shares its only land border with Northern Ireland, which is part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east, and the Irish Sea to the east. It is a unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (Prime Minister, literally 'Chief', a title not used in English), who is elected by the Dáil and appointed by ...
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2021 United Nations Climate Change Conference
The 2021 United Nations Climate Change Conference, more commonly referred to as COP26, was the 26th United Nations Climate Change conference, held at the SEC Centre in Glasgow, Scotland, United Kingdom, from 31 October to 13 November 2021. The president of the conference was UK cabinet minister Alok Sharma. Delayed for a year due to the COVID-19 pandemic, it was the 26th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), the third meeting of the parties to the 2015 Paris Agreement (designated CMA1, CMA2, CMA3), and the 16th meeting of the parties to the Kyoto Protocol (CMP16). The conference was the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change; the Paris Agreement requires parties to carry out a process colloquially known as the ' ratchet mechanism' every five years to provide improved national pledges. The result of COP26 was the Glasgow Clima ...
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Grenada
Grenada ( ; Grenadian Creole French: ) is an island country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Its size is , and it had an estimated population of 112,523 in July 2020. Its capital is St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace crops. Before the arrival of Europeans in the Americas, Grenada was inhabited by the indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his third voyage to the Americas. Following several unsuccessful attempts by Europeans to colonise the island due to resistance from res ...
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Alliance Of Small Island States
Alliance of Small Island States (AOSIS) is an intergovernmental organization of low-lying coastal and small island countries. AOSIS was established in 1990, ahead of the Second World Climate Conference. The main purpose of the alliance is to consolidate the voices of Small Island Developing States (SIDS) to address global warming. These island countries are particularly vulnerable to climate change and its related effects on the ocean, including sea level rise, coastal erosion and saltwater intrusion. The members are among the nations least responsible for climate change, having contributed less than 1% to the world's greenhouse gas emissions. These states advocate for international policy and mechanisms for addressing the inequity of climate impacts. Organization AOSIS functions primarily as an ad hoc lobby and negotiating voice for SIDS through the United Nations (UN) system. It has no regular budget, permanent secretariat or formal charter. There is a Bureau, which is ma ...
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Climate Resilience
Climate resilience is defined as the "capacity of social, economic and ecosystems to cope with a hazardous event or trend or disturbance".IPCC, 2022Summary for Policymakers .-O. Pörtner, D.C. Roberts, E.S. Poloczanska, K. Mintenbeck, M. Tignor, A. Alegría, M. Craig, S. Langsdorf, S. Löschke, V. Möller, A. Okem (eds.) InClimate Change 2022: Impacts, Adaptation and Vulnerability. Contribution of Working Group II to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change .-O. Pörtner, D.C. Roberts, M. Tignor, E.S. Poloczanska, K. Mintenbeck, A. Alegría, M. Craig, S. Langsdorf, S. Löschke, V. Möller, A. Okem, B. Rama (eds.) Cambridge University Press, Cambridge, UK and New York, NY, USA, pp. 3–33, doi:10.1017/9781009325844.001. This is done by "responding or reorganising in ways that maintain their essential function, identity and structure (as well as biodiversity in case of ecosystems) while also maintaining the capacity for adaptation, learning and tra ...
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Ban Ki-moon
Ban Ki-moon (; ; born 13 June 1944) is a South Korean politician and diplomat who served as the eighth secretary-general of the United Nations between 2007 and 2016. Prior to his appointment as secretary-general, Ban was his country's Minister of Foreign Affairs and Trade between 2004 and 2006. Ban was the foreign minister of South Korea between 2004 and 2006. Ban was initially considered to be a long shot for the office of Secretary-General of the United Nations however, he began to campaign for the office in February 2006. As the foreign minister of South Korea, he was able to travel to all the countries on the United Nations Security Council, a maneuver that subsequently turned him into the campaign's front runner. On 13 October 2006, he was elected as the eighth secretary-general by the United Nations General Assembly. On 1 January 2007, he succeeded Kofi Annan. As secretary-general, he was responsible for several major reforms on peacekeeping and UN employment practice ...
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2015 United Nations Climate Change Conference
The 2015 United Nations Climate Change Conference, COP 21 or CMP 11 was held in Paris, France, from 30 November to 12 December 2015. It was the 21st yearly session of the Conference of the Parties (COP) to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and the 11th session of the Meeting of the Parties (CMP) to the 1997 Kyoto Protocol. The conference negotiated the Paris Agreement, a global agreement on the reduction of climate change, the text of which represented a consensus of the representatives of the 196 attending parties. The agreement was due to enter into force when joined by at least 55 countries which together represented at least 55 percent of global greenhouse gas emissions., a target reached on 4 November 2016. On 22 April 2016 ( Earth Day), 174 countries signed the agreement in New York, and began adopting it within their own legal systems (through ratification, acceptance, approval, or accession). According to the organizing committee at ...
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Whitehouse
Whitehouse may refer to: People * Charles S. Whitehouse (1921-2001), American diplomat * Cornelius Whitehouse (1796–1883), English engineer and inventor * E. Sheldon Whitehouse (1883-1965), American diplomat * Elliott Whitehouse (born 1993), English footballer * Eula Whitehouse (1892–1974), American botanist * Frederick William Whitehouse (1900–1973), Australian geologist * Jimmy Whitehouse (footballer, born 1924) (1924-2005), English footballer * Mary Whitehouse (1910–2001), British Christian morality campaigner * Morris H. Whitehouse (1878–1944), American architect * Paul Whitehouse (born 1958), Welsh comedian and actor * Paul Whitehouse (police officer) (born 1944) * Sheldon Whitehouse (born 1955), American politician from the state of Rhode Island * Wildman Whitehouse (1816–1890), English surgeon and chief electrician for the transatlantic telegraph cable Places ;in the United Kingdom * Whitehouse, Aberdeenshire, location of the Whitehouse railway stati ...
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