Events

2016 Forum of the Standing Committee on Finance

05 September 2016 to 06 September 2016
Manila
Philippines

Urgent steps need to be taken to manage risks of loss and damage associated with climate change.

Upon the invitation of the Executive Committee of the Warsaw International Mechanism for Loss and Damage, the Standing Committee on Finance (SCF) convened its fourth forum that mainly tacked the financial instruments that address the risks of loss and damage associated with the adverse effects of climate change.

The forum focused on risk transfer schemes, social protection schemes, catastrophe and resilience bonds, and contingency finance and discussed respective opportunities, challenges, limitations and gaps. It also explored ways for scaling up, replicating good practices and finding new financing options. 

The forum was co-organized with the United Nations Framework Convention on Climate Change (UNFCCC) and the Climate Change Commission of the Government of the Philippines.

Program and Learning Materials: 
Date Session / Activity Presentation Material Speaker(s)
05 Sep 2016 Opening Plenary Welcoming Participants Seyni Nafo
05 Sep 2016 Opening Plenary Keynote Statement Patricia Espinosa
05 Sep 2016 Opening Plenary Keynote Statement Emmanuel de Guzman
05 Sep 2016 Opening Plenary Keynote Statement [Multimedia] [Documents] ADB's Vice-President for Knowledge Management and Sustainable Development, Bambang Susantono, delivers his keynote speech. He talks about... Bambang Susantono
05 Sep 2016 Session 1 - Setting the Scene Social Facets of Climate Risks [Slides] [Multimedia] What are the social aspects of the risks of loss and damage, including for particularly vulnerable countries, populations and the ecosystems... Mark New
05 Sep 2016 Session 1 - Setting the Scene Overview of the Range of Approaches to Address the Risks of Loss and Damage
Learn about the range of approaches currently available to address the risks of loss and damage. 
Swenja Surminski
05 Sep 2016 Session 2 - Taking Stock Current Spectrum and Structure of Financial Instruments to Address the Risks of Loss and Damage
What are the financial instruments used to address the risks of loss and damage? And how are these structured? Get to know the existing financial...
Shereen D’Souza
05 Sep 2016 Challenges and Opportunities in Applying Financial Instruments to Loss and Damage
Risk financing mechanisms at local, national, regional, and global scales contribute to increasing resilience to climate extremes and climate...
Reinhard Mechler
05 Sep 2016 Session 3 - Parallel Plenaries The Odds and Beauties of Risk Transfer Schemes
Risk transfer schemes including insurance products and tools that help the vulnerable to have direct or indirect insurance coverage against ...
Simone Ruiz-Vergote
05 Sep 2016 Session 3 - Parallel Plenaries Social Protection in the Area of Disaster Risk Reduction in Asia Pacific: IFRC Experience and Learnings
Climate‐related disasters are expected to increasingly affect vulnerable people, adding to the already unmanageable workload of humanitarian...
Donna Lagdameo
05 Sep 2016 Session 3 - Parallel Plenaries Disaster Risk Finance Insurance incl. Cat and Resilience Bonds
No country can fully insulate itself against extreme natural disasters, despite prevention and mitigation efforts. A balanced mix of financing...
Thomas Kessler
05 Sep 2016 Session 3 - Parallel Plenaries Country Experience on Contingency Finance: Nicaragua
Nicaragua is the first nation in Central America to get covered by a disaster risk insurance. Was this move helpful in reducing its vulnerability...
Paul Oquist Kelley
05 Sep 2016 Session 3 - Parallel Plenaries Risk Transfer Schemes: The Example of CCRIF SPC
The economic costs of disasters are rising. Governments can certainly reduce further loss through some risk transfer mechanisms. ...
Isaac Anthony
05 Sep 2016 Session 3 - Parallel Plenaries Comprehensive Climate Risk Management: Can Social Protection be a Leverage?
Can social protection provide enough cushion against the risks of climate change? This presentation examines initiatives on climate insurance...
Rupalee Ruchismita
05 Sep 2016 Session 3 - Parallel Plenaries Contingency Finance
African Risk Capacity (ARC) is a specialised agency of the African Union that provides index-based drought insurance. It is working to offer...
Tuga Alaskary
05 Sep 2016 Session 3 - Parallel Plenaries Accelerated Action on Adaptation and Implementing Approaches to Address Loss and Damage in Africa
Africa is already experiencing significant consequences of climate change. Under all mitigation and adaptation scenarios, Africa will experience...
Kulthoum Omari-Motsumi
05 Sep 2016 Session 4 - Break-out Group Discussions
05 Sep 2016 Session 5 - Outcomes of the Break-out Groups Risk Transfer Schemes Including Insurance Products and Tools
Risk transfer schemes can be utilized most efficiently when used as part of comprehensive, needs-based risk management solutions. Forum participants...
05 Sep 2016 Session 5 - Outcomes of the Break-out Groups Social Protection Schemes
How can social protection schemes help increase adaptive capacity, prevent and reduce risks, and enhance livelihoods? Forum participants...
05 Sep 2016 Session 5 - Outcomes of the Break-out Groups Catastrophe and Resilience Bonds
Can catastrophe and resilience bonds really help in reducing risks of climate loss and damage? Forum participants answer this main question ...
05 Sep 2016 Session 5 - Outcomes of the Break-out Groups Contingency Finance
Forum participants discussed lessons learned from case studies, including those from Senegal, Nicaragua, and the Philippines on the use of fiscal...
Date Session / Activity Presentation Material Speaker(s)
06 Sep 2016 Session 6 - Wrap Up of Day 1
06 Sep 2016 Session 7 - Parallel Plenaries Making Risk Finance an Integral Synergizing Element of Comprehensive Risk Management: Philippines’ Experience
Enhancing the comprehensive risk management (CRM) is key to addressing loss and damage associated with climate change impacts. As a part ...
Takeshi Kuwabara
06 Sep 2016 Session 7 - Parallel Plenaries What Makes Social Protection Systems Adaptive?
Poor households are more likely to be affected by disasters, and have been found to lose relatively more than non-poor people. Adaptive social...
Pablo Acosta
06 Sep 2016 Session 7 - Parallel Plenaries New Financing Approaches, Instruments and Opportunities that Address the Risks of Loss and Damage
The United Nations Environment Programme (UNEP) and the insurance industry has been working with institutional investors in promoting risk modelling...
Butch Bacani
06 Sep 2016 Session 7 - Parallel Plenaries Notes on Philippine Funding Options in the Loss and Damage Age
The Philippine Government has established the people’s survival fund through Republic Act 10174. The fund is intended to provide long-term finance...
Red Constantino
06 Sep 2016 Session 7 - Parallel Plenaries European Union's Experiences in Policy, Funding and Financing Instruments Addressing Loss and Damage
The European adaptation strategy deals with adaptation and resilience. Financial instruments are part of the whole package, while research and...
Max Linsen
06 Sep 2016 Session 8 - Break-out Group Discussions
06 Sep 2016 Session 9 - Outcomes of the Break-out Groups What are the Limitations of the Existing Financial Instruments to Address the Risks of Loss and Damage and What Could Be Other Options/Solutions Considering the Best Practices Around?
Forum participants enumerated the limitations of existing financial instruments, which include, among others, a lack of accessible and adequate...
06 Sep 2016 Session 9 - Outcomes of the Break-out Groups What is the Role and Importance of Enabling Environments (e.g. Policies/Strategies, Institutions, Capacity) to Effectively Apply Financial Instruments to Address the Risks of Loss and Damage?
Forum participants identified the major stakeholders of financial instruments that address loss and damage. They also discussed strategies and...
06 Sep 2016 Session 10 - Roles and functions of different actors and ways of strengthening linkages and collaboration Strengthening Financial Resilience: the Role of ADB
Government financing for disaster reduction is limited because other urgent demands compete for budget allocation. Penetration of market...
Charlotte Benson
06 Sep 2016 Session 10 - Roles and functions of different actors and ways of strengthening linkages and collaboration Experiences of the G7 Climate Risk Insurance Initiative: InsuResilience
The G7 Climate Risk Insurance Inititative—InsuResilience—aims to increase by up to 400 million the number of poor and vulnerable people...
Gottfried von Gemmingen
06 Sep 2016 Plenary Discussion
06 Sep 2016 Closure of the Forum

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