Forecast-based financing (FbF) developed from a long-standing element in Climate Centre work: assisting the mainstreaming of the early warning early action model into Red Cross Red Crescent disaster management worldwide. It recognizes that there are often forecasts available but no humanitarian organization resourced to act before disaster, especially when there is no certainty and a risk of acting in vain.
|Uganda Red Cross, http://redcrossug.org
- Tree Challenge
- Forecast based financing