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Bilateral collaboration to address climate change

A team of Australian and Indian scientists and industry partners recently met in rural India as part of a collaborative project to help local farmers adapt to climate change.

The team, consisting of University of Southern Queensland, Queensland Farmers' Federation, Willis Towers Watson, and Tamil Nadu Agricultural University, conducted discussions in Coimbatore, Tamil Nadu. These discussions involved farmers, insurance providers, and other stakeholders engaged in coffee, tea, sugarcane, and mango production.

The international collaboration, supported by the Australia-India Strategic Research Fund, seeks to create financial strategies and tools that consider the uncertain impacts of climate change on agribusiness.

“One of our discussion points was on how insurance companies and researchers can work together to develop effective financial products to mitigate and adapt to climate change,” said Dr Jenny Wang from University of Southern Queensland's Centre for Applied Climate Sciences.

“We also discussed how policymakers and regulators could provide support to farmers and agribusinesses in the uptake of innovative financial products to tackle climate change.” 

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