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The SDSN Position Paper highlights the insurance sector’s vital but underutilized role in sustainable development, emphasizing its potential to manage risk, build resilience, and support transformative change.
Climate and Disaster Risk Finance and Insurance (CDRFI) is a long-term agenda that requires political commitment, technical expertise, and strong collaboration between public and private actors. This publication maps the financial instruments and management approaches used across the five phases of CDRFI, while recognising that boundaries between them are often fluid.
Compendium of proposals for CALMA RIESGOS Latin American Cooperation on (Agro) Climate Risk Mitigation (CALMA) “Boosting insurance for climate risks” convened 35 representatives to share experiences on the implementation of rural insurance in their respective countries and discuss opportunities to strengthen regional cooperation on climate adaptation and market development.
The Philippines is host to more than 1800 Marine Protected Areas (MPAs) and is committed to significantly expand their number and size under the 30 x 30 framework. These MPAs face an increasing threat from multiple hazards, most notably typhoons, which can severely damage mangroves, coral reefs and seagrass meadows. Already chronically underfunded, many MPA management councils struggle to replace lost monitoring assets and finance rehabilitation work. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) commissioned this pre-feasibility study in order to analyse the potential of new insurance solutions to assist MPAs bouncing back quickly in the aftermath of typhoon events.
This study aims to explore how Ecosystem-Based Adaptation (EbA) and Nature-Based Insurance Solutions (NbIS) can effectively mitigate the impacts of climate-related hazards in the Philippines and in the region. It delves into understanding the policy landscape, examining market practices through case studies, identifying challenges in the sector, and proposing steps to scale EbA and NbIS solutions in the country.
This roadmap was developed as part of the project “Developing Risk Management Approaches for Climate Risks in Ghana” that was implemented by GIZ and Allianz Re in cooperation with local partners in Ghana. The roadmap describes both the approach taken and the route followed by the project partners in applying the Integrated Disaster Risk Management concept in the context of managing flood risk of public infrastructure assets owned or managed by the three municipalities of Accra.
The impacts of climate-related disaster risks are growing and disproportionately affect vulnerable countries. Finance that is available in a timely fashion after a disaster is crucial in order to increase financial resilience. The purpose of this disaster risk toolkit is to provide practical guidance on how to decide which disaster risk finance instruments are suitable for which circumstances.
This study serves as a basis for developing a Climate and Disaster Risk Financing Strategy for Zambia. It quantifies Zambia's "protection gap" by comparing expected economic impacts from floods and droughts to the extent currently covered by available pre-arranged financial mechanisms.
Nature-based solutions can be an effective way to address environmental and social challenges, including adaptation to climate change and nature-related financial risks faced by economies around the globe. Although private sector engagement has picked up, nature-based solutions remain severely underfunded.
Slow onset processes and extreme weather events related to global warming are driving human mobility in context of climate change (HMCCC). Due to related extremes and slowly evolving processes such as floods, droughts, and rising sea-level, increasingly more livelihoods are destroyed, homes become inhabitable and economic opportunities are mitigated, resulting in migration, displacement, and planned relocation. To reduce those adverse effects related to climate change, the implementation of timely and diversified financing is needed. Therefore, with a focus on developing countries, this study presents and reflects on different relevant finance sources and instruments in terms of their linkage to HMCCC, effect on climate risks, implementation timing, and gender aspects. 10 finance instruments and tools that address HMCCC have been selected with a non-exhaustive approach for analysis, coming from a range of international, public, and private sources. Additionally, the effect of the COVID-19 pandemic on financing flows and options for HMCCC has been considered in an exclusive chapter. The study closes with recommendations for different target groups, especially national governments, and donor organizations.