Location: Room Machu Picchu (Zone G)
Abstract/ Description:
With the frequency and severity of climate-change related extreme events on the rise world-wide, the IPCC highlighted in its Fifth Assessment Report (AR5) that specific adaptation plans and actions will likely face limits and barriers in responding to climate change. Despite increased attention being directed to potential adaptation strategies, there is less understanding on how these approaches are actually working, whether they are feasible and effective, and the extent of their implementation.
Countries increasingly explore risk transfer as a tool to help them remain in a safe operating space while transitioning from current climate conditions to possibly more harsh risk landscapes in the future. This joint side event will explore challenges countries are facing around the design and implementation of National Adaptation Plans (NAPs). It will examine the potential role of insurance – both, as a tool and an actor – in augmenting national priorities, such as pooling risks regionally or enhancing risk management capacities of vulnerable people.
Panel:
- Dr. Aloysius Kamperewera (Malawi Director of Environmental Affairs, UNFCCC Focal Point, and National Director for NAPs): National Adaptation Plans – Process Approach and Challenges from an LDC Perspective. DOWNLOAD PPT
- Karsten Loeffler (Managing Director of Allianz Climate Solutions, the Center of Competence of Allianz Group for renewable energy and climate change): Perspectives from the Private Sector: How Risk- and Vulnerability Assessments can assist governments in better setting up NAPs. DOWNLOAD PPT
- Richard Choularton (Chief of World Food Programme’s Climate Resilience for Food Security Unit): Protecting the Most Vulnerable – How Financial Inclusion Can Unlock Adaptation Capacities on the Ground.
- Dr. Koko Warner (MCII Executive Director and Head of Section at United Nations University Institute for Environment and Human Security, UNU-EHS): Synergies between National Climate Risk Management and Regional Risk Insurance Pools. DOWNLOAD PPT
MCII Press Briefing
Climate risk insurance, empowering vulnerable communities
Who: Koko Warner, Executive Director, Munich Climate Insurance Initiative (MCII)
Peter Höppe, Chair, Munich Climate Insurance Initiative (MCII)
Christoph Bals, Vice-Chair, Munich Climate Insurance Initiative (MCII)
What: Press briefing on climate risk insurance at COP 20 in Lima, Peru
When: Wednesday, 11 December 2014, 10:00-10:30 am
Where: Press conference room 2
Why: Damages from extreme weather events amount to US$ 1.3 billion in low-income countries and US $ 6.8 billion in lower middle income countries annually. During and after floods, storms and heavy rainfall, the most vulnerable communities are the hardest hit and have limited or no coping capacity.
Communities, local authorities and international decision makers are looking for new ways to protect the livelihoods of people. The Munich Climate Insurance Initiative (MCII) researches, designs and implements innovative insurance approaches for climate vulnerable communities. In the Caribbean, MCII has developed the first index based insurance product for people in the region that covers multiple countries and risks. MCII is also extending its fieldwork to other regions and is currently partnering with the government of Pakistan.
Watch the webcast HERE.
Watch MCII interviews at the Climate Change Studio
- Peter Hoeppe (MCII Chairman, Munich Re) HERE
- Thomas Loster (MCII Executive Board Member, Munich Re Foundation) HERE