Multi-actor-partnership: Climate and Disaster Risk Finance in the Context of the InsuResilience Global Partnership (IGP)

Locally Led Adaptation & Resilience

Advocacy

Gender

Disaster Risk & Humanitarian Action

Disaster risk finance and insurance solutions, when used as part of a comprehensive disaster risk management approach, can enable more resilient economic development. It can help protect lives, livelihoods, businesses, infrastructure, and public finances by strengthening disaster preparedness, rapid response and recovery.

Climate risk and risk prevention financing mechanisms are also a complex area. These include, for example, climate insurance in the agricultural sector, country risk pools, social security systems, new forecast-based finance approaches, etc. Often there is only a small degree of transparency and understanding at the national level in vulnerable developing countries.

A consortium of civil society organizations is implementing the project titled “Multi-actor-partnership on Climate and Disaster Risk Finance in the context of the InsuResilience Global Partnership (IGP)”. In addition to global level influencing work, the main focus of the project will be national-level engagement, capacity development and the establishment of multi-actor partnerships on climate risk finance. The project will be carried out in are Laos, Sri Lanka, Malawi, Madagascar, Senegal, Philippines, Caribbean.

Main activities planned

• A civil society oriented CDRFI toolkit
• Research products, incling on CDRFI and a) gender, b) global policy processes, c) slow-onset events; d) humanitarian system, e) innovative finance mechanisms
• Activities and events for influencing global and regional policy processes e.g. UNFCCC, World Bank, V20
• Regional-level (Asia, Africa, Caribbean) exchange meetings and conference among the project CSOs and beyond
• Country-level stakeholder meetings, thematic workshops, community consultations information and knowledge products
• Contributions to IGP working groups, governance and products

Virtual conference “Advancing pro-poor and gender-just climate and disaster risk finance in the era of loss and damage”

From 13 to 22 September 2022, the project consortium organised a virtual conference on “Advancing pro-poor and gender-just climate and disaster risk finance in the era of loss and damage”. Across 9 virtual sessions, project partners from various countries shared experience and findings, together with various other experts, on issues such as the global CDRFI architecture, the UNFCCC, gender considerations, private sector perspectives, knowledge sharing tools and regional experiences in Asia, Africa and the Caribbean. Conference website hosted by the project partner ICSC