Page 599 - ES 2020-21_Volume-1-2 [28-01-21]

226 Economic Survey 2020-21 Volume 1

 Climate risk insurance is an important tool for providing security against loss of
livelihoods and of assets as a consequence of disasters. Thus, given the significant
contribution of the agricultural sector in the Indian economy, coupled with looming
“climatic aberrations,” crop insurance becomes a necessity to mitigate the risks
associated with a majority of the country’s farmers.

 ISA organized the First World Solar Technology Summit (WSTS) in September 2020
with an objective of showcasing to member countries the state of the art and next-
generation solar technologies.

 CDRI is another expression of India’s commitment to work with all the partners to address
global challenges. The Coalition functions as an inclusive multi-stakeholder platform led
and managed by national governments, where knowledge is generated and exchanged
on different aspects of disaster resilience of infrastructure. As of December 2020, 19
countries and 4 multilateral organizations have become members of the Coalition.

REFERENCES

• Barbiroglio, Emanuela. 2020. Green Bond Market Will Reach $1 Trillion With German
New Issuance. September 2. Accessed November 5, 2020. https://www.forbes.com/
sites/emanuelabarbiroglio/2020/09/02/green-bond-market-will-reach-1-trillion-with-
german-new-issuance/?sh=54172e382e97

• Bennett, Vanora. 2019. World’s first dedicated climate resilience bond, for US$ 700m, is
issued by EBRD. September 20. Accessed November 5, 2020. https://bit.ly/3l5MCIT.

• Climate Bonds Initiative. 2020. “Sustainable Debt Global State of the Market H1
2020”.https://www.climatebonds.net/system/tdf/reports/cbi-sustainable-debt-global-
sotm-h12020.pdf?file=1&type=node&id=54589&force=0
• Eckstein, David, Vera Künzel, Laura Schäfer, and MaikWinges. 2019. Global Climate
Risk Index 2020 : Who Suffers Most from Extreme Weather Events? Weather-Related
Loss Events in 2018 and 1999 to 2018. Bonn: German watche. V. https://germanwatch.
org/sites/germanwatch.org/files/20-2-01e%20Global%20Climate%20Risk%20
Index%202020_10.pdf

• EPW, Vol. 45, Issue No. 06, 06 Feb, 2010, Crop Insurance in India: Changes and
Challenges; https://www.epw.in/journal/2010/06/commentary/crop-insurance-india-
changes-and-challenges.html

• GCA. 2019. Adapt Now: A Global Call for Leadership on Climate Resilience. Global
Commision on Adaptation. https://cdn.gca.org/assets/2019-09/GlobalCommission_
Report_FINAL.pdf

• Idicheria, C, A Neelakantan, A Graft, A Banerjee, K Kumar, Jessica Seddon, Eric
Vaughan, and Samasundaram L. 2016. Transforming Chennai: Building Micro, Small
and Medium Enterprise Resilience to Water-Related Environmental Change. Chennai:
Mercy Corps. https://www.mercycorps.org/sites/default/files/2020-01/Transforming_
Chennai_Okapi_Mercy_Corps.pdf