Despite its promise to help low-wealth households manage climate risk, index insurance remains hampered by downside basis risk, meaning that an insured party suffers a loss, but receives no payment because the insurance index fails to register a loss. While efforts to reduce basis risk focus on...

Index insurance has been seen as an important tool for managing the risks faced by farmers in developing countries but uptake has been disappointingly low. Basis risk is often cited as one of the main reasons for the lack of uptake. We investigate the role of basis risk in greater depth by...

Historically, the Spanish water management model's predominate goal has been resource augmentation. This mindset has had important consequences for the system's capacity to cope with droughts. It has impacted the system's overall vulnerability, the discourse of scarcity, the conceptualisation of...

This paper proposes a new Economic Drought Management Index (EDMI) that could assist water managers to inter-temporally manage water reservoirs. The index's main appeal is that it can be easily interpreted and that it encompasses in a single number hydrological processes, structural constraints,...