Public Radio for the Piedmont and High Country
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

'Catastrophe bonds' are gaining popularity as a response to climate change

After the hurricane in Jamaica, the government had a pot of money to help rebuild. A Catastrophe Bonds payout. We explain how it works and why Cat Bond popularity is on the rise as a response to climate change.

Copyright 2025 NPR

Jeff Guo
Jeff Guo (he/him) is a co-host and reporter for Planet Money, NPR's award-winning podcast that finds creative, entertaining ways to make sense of the complicated forces that move our economy. He joined the team in 2022.

Support quality journalism, like the story above,
with your gift right now.

Donate