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'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.
Sink your teeth into our annual collection of dining — and drinking — stories, including a tally of Sin City's Tiki bars, why good bread is having a moment, and how one award-winning chef is serving up Caribbean history lessons through steak. Plus, discover how Las Vegas is a sports town, in more ways than one. Bon appétit!