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?

Event: 2016 Forum of the Standing Committee on Finance

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?

06 September 2016

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Forum participants enumerated the limitations of existing financial instruments, which include, among others, a lack of accessible and adequate data and a common understanding about how to characterize loss and damage. Contingency funds are also mostly loan-based. To address these limitations, they discussed possible alternatives they can take.

Geographical Focus:

Global

Type of Content:

Learning Event

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