Leveraging Catastrophe Bonds As a Mechanism for Resilient Infrastructure Project Finance
Type
Policy Brief or Report
Year
2015
Level
City or Town
State(s)
All States
Policy Areas
Democracy & Governance, Energy, Environment & Natural Resources, Transportation & Mobility
This paper offers a new approach for systematically linking catastrophe bonds and conventional project finance to support large-scale resilience projects. The following sections describe the RE.bound Program framework for catastrophe modeling, bond structuring, and bond sponsorship; summarize key insights and lessons for extending the approach to a range of resilience applications; and offer ideas for government and other public-interest entities seeking to build resilience and mitigate disaster risk.