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<p>The UK supports the G7 Climate Risk Insurance Initiative and is committed to contributing
to meeting the collective target set out in the Elmau declaration of helping up to
an additional 400 million people in the most vulnerable developing countries to gain
access to climate risk insurance by 2020.</p><br /><p>UK support under the Initiative
includes contributions to the African Risk Capacity and the Pacific Catastrophe Risk
Assessment and Financing Initiative. In September the Prime Minister announced that
the UK would provide at least £5.8 billion of climate finance over the next five years
which will include support for climate risk insurance.</p>
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