Towards a just transition insurance mechanism integrating climate risk, social protection, and green finance

Title : Towards a just transition insurance mechanism integrating climate risk, social protection, and green finance

Abstract:

The accelerating impacts of climate change expose workers worldwide to unprecedented socioeconomic risks. Extreme weather events—floods, wildfires, droughts, heatwaves, and storms—are no longer occasional shocks but recurring disruptions that erode job security, income stability, and occupational health. Current social insurance systems, largely designed for conventional economic cycles and individual contingencies, remain ill-equipped to address collective climate-induced risks. Against this backdrop, this article proposes a novel policy and financial architecture: a Just Transition Insurance System (JTIS) that combines disaster-related wage protection with green investment strategies, embedded within existing climate governance frameworks such as the EU Emissions Trading System (ETS).

Biography:

Mr. Alper YILMAZ, founding partner of Gungor Yilmaz Law Firm, graduated from Galatasaray University, Faculty of Law and started his career in Arthur Andersen, he then served as a senior attorney in Ernst &Young. Mr. Yılmaz advices his clients on a wide range of consultancy and litigation services and has a significant reputation particularly in Labor Law, Corporate Law, Real Estate Law. He is the author of numerous published articles in this regard as well as a lecturer in labor law trainings, seminars, conferences, panels and workshops for more than 10 years. Mr. Yılmaz, fluent in French and English, is also a member of Labor and Social Security Law Journal Editorial Board.