France
Law no. 2022-298 from 2 March 2022 relating to a better allocation of crop insurance in agriculture and reforming the tools for managing climate risks in agriculture
Executive
Law
Passed in 2022
The programme contributes to ensuring the sustainability and resilience of agricultural production systems in a context of accelerating climate change by guaranteeing farmers' access to a universal system for managing climate risks in agriculture, has four objectives:
i) Ensure a balanced distribution of support between the different actors concerned by the management of climate risks in agriculture;
ii) Develop prevention and protection systems adapted to all agricultural strains;
iii) Create and better allocate insurance products and compensation mechanisms that are effective and complementary, in support of strategies for adapting sectors and production areas;
iv) Allow for "national solidarity" state intervention mechanisms in the event of "catastrophic" climate hazards, such as compensation or indemnification for losses suffered.
The implementation of this new system is part of a budget that could reach up to 600 million euros annually in public expenditures, during the 2023-2030 period, as the insurance programme develops.
Documents
from the Grantham Research Institute
from the Grantham Research Institute
