The long-lasting drought in the year 2018, significant damage to agriculture and inland waterways has caused. Meteorolog interior, and forecasters warn that droughts in this country in consequence of climate change more frequently. Also for this year the first signs of a year to be seen with little precipitation. In view of this, the Federal state of Bavaria will now start a Federal Council initiative for a government-backed insurance.
Bavaria’s agricultural Minister Michaela Kaniber (CSU) proposed a solution based on the Austrian model: A multi-risk insurance, protection against Natural hazards including drought. Half of the cost to take over the Federation and the Länder. The experience from abroad shows that “to achieve broad-based hedging of risks, such as drought, only then, if the insurance premiums for the farmers to remain affordable,” said Kaniber.
Because the risk for the insurance companies is very high, such insurance covering the consequences of natural events, it is very expensive. Remains rain over a longer period of time, so that soils dry up, the often tens of thousands of farmers at the same time. Accordingly, insurance companies have to pay in such cases, immense amounts of Loss at once. Because of the high cost, many States subsidize such multi-risk insurance, but not Germany.
low-water navigation to a standstill
A new drought, many industries would make companies sensitive. “What is being observed in Public, yet little, is the loss potential of the low water on the Rhine,” said Ernst Rauch, head of the climate research of the world’s largest reinsurer Munich Re. “We have very much the industry, the concerns over cargo vessels and raw materials and their products deliver.”
In the past year, there were massive restrictions, because the transport ships at times could only travel with reduced load or not at all. “The effects were felt in the second and third row of the supply chains,” said smoke.
similar to the drought of the summer Threatens to be like in 2018? What climate models can expect, and how farmers and the industry to adjust to the consequences of climate change, read our focus on “drought in Germany.”