In energy contingency: ‘ex-ante’ or ‘pre-arranged’ finance that is arranged in advance of a disaster, to cover the future costs of preparation, response, recovery and/or reconstruction. It could include insurance or catastrophe bonds but also budgetary instruments such as contingency budgets or contingent loans (Center for Global Disaster Protection) [Section 3(l), DOE Department Circular No. DC2023-01-0002, Adoption of the National Energy Contingency Plan for “The Big One”]
