Financial Assurance Mandates: A Mechanism to Prevent Climate-Induced Industrial Disaster
The challenge of inducing risk reduction and adaptation practice is not a purely environmental one, but the vast impacts of acute and chronic environmental events and changes associated with climate change extend across socioeconomic landscapes. Elevated environmental hazards to communities are increasingly present with severe storms, both inland and coastal. Should a set of conditions evolve to accommodate this challenge, Financial Assurance Mandates could prove to be a valuable option to reduce risks.