Day 1

Opening:

Session 1:

Session 2:

Session 3:

Session 4:

Session 5:

Day 2

Opening:

Session 7:

Session 8:

Session 9:

Session 10:

Session 11:

Session 12:

● Opening plenary >>

● Setting the scene: Broad overview of loss and damage >>

● Taking stock: Reviewing existing financial instruments >>

● Parallel plenaries: Existing financial instruments: Case-studies and country experience >>

● Break-out group discussions: Insights about financial instruments that address the risks of loss and damage >>

● Outcomes of the break-out groups >>

● Addressing questions from day 1; Introducing day 2 >>

● Parallel plenaries: Emerging national/regional funding schemes and new financing approaches, instruments and opportunities >>

● Break-out group discussions: Ways to replicate and scale-up good practices and enhance effectiveness and impact >>

● Outcomes of the break-out groups >>

● Panel discussion: Roles and functions of different actors and ways of strengthening linkages and collaboration >>

● Plenary discussion: Reflections on key outcomes and conclusions of the forum >>

● Closure of the Forum: Closing remarks by the Standing Committee on Finance >>

• Mr Seyni Nafo
  SCF co-chair

1. Ms Patricia Espinosa (by video statement)
   Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC)
   
   
2. Mr Emmanuel de Guzman
   Secretary of the Philippines Climate Change Commission
   
   
3. Mr Bambang Susantono
   Vice-President for Knowledge Management and Sustainable Development, Asian Development Bank (ADB)
   

Session aims: Enhancing understanding of risks of loss and damage by answering the following guiding questions:

• What are the different types/spectrum of the risks of loss and damage, including both sudden and slow onset events, and how can they be identified and assessed?
• What are the social aspects of the risks of loss and damage, including for particularly vulnerable countries, populations and the ecosystems they depend upon?
• What is the range of approaches currently available at the different levels to address the risks of loss and damage?
• What is needed, particularly by developing countries, to address the risks of loss and damage?

• Mr Mark New
  African Climate and Development Initiative, University of Cape Town
• Social Facets of Climate Risks (2556 kB)
  
  
• Ms Swenja Surminski
  Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science (LSE) (196 kB)
  Overview of the range of approaches to address the risks of loss and damage (992 kB)
  

Plenary discussions (15 min)

• Facilitator: SCF members

Session aims: Taking stock of the range of financial instruments and how they are structured and operate. It will aim at addressing the following guiding questions:

• What is the current spectrum of financial instruments used to address the risks of loss and damage? How are they structured?
• Which types of instruments are best suited for different levels (e.g. local/community, national, regional)?
• Which risks of loss and damage are aimed at being addressed by the existing financial instruments?
• Which risks of loss and damage are not being fully addressed by financial instruments and why?
• How can the different financial instruments that address the risks of loss and damage be combined and complement each other?

• Ms Shereen D’Souza
  Co-chair of the Executive Committee of the Warsaw International Mechanism for Loss and Damage (65 kB)
  Current spectrum & structure of financial instruments to address the risks of loss & damage (1114 kB)
  Information paper: Best practices, challenges and lessons learned from existing financial instruments at all levels that address the risk of loss and damage associated with the adverse effects of climate change
• 
  
• Mr Reinhard Mechler
  International Institute for Applied Systems Analysis (IIASA) (172 kB)
  Challenges and opportunities in applying financial instruments to loss and damage (1011 kB)
  

• Facilitator: SCF member
  Climate Change Commission of the Philippines

Session aims: Bringing the perspective of relevant actors through case-studies to highlight the benefits, challenges as well as gaps, limitations and favorable conditions on the following four types of existing financial instruments:

1. Risk transfer schemes including insurance products and tools
2. Social protection schemes
3. Catastrophe and resilience bonds
4. Contingency finance

Parallel plenary 1

1. Risk transfer schemes including insurance products and tools (Munich Climate Insurance Initiative (MCII))
   Ms Simone Ruiz-Vergote
   Allianz Climate Solutions GmbH (1471 kB)
   The odds and beauties of risk transfer schemes (1478 kB)
   
   
2. Social protection schemes
   Ms Donna Lagdameo
   International Federation of Red Cross and Red Crescent Societies (IFRC) Climate Centre
   Social Protection in the Area of Disaster Risk Reduction in Asia Pacific: IFRC Experience and Learnings (3948 kB)
   
   
3. Catastrophe and resilience bonds
   Mr Thomas Kessler
   Swiss Re (70 kB)
   Disaster Risk Finance Insurance incl. Cat and Resilience Bonds (1266 kB)
   
   
4. Country experience from Nicaragua on contingency finance
   Minister Paul Oquist
   Nicaragua, SCF member
   Country Experience on Contingency Finance: Nicaragua (8887 kB)

Facilitator: Ms Shereen D’Souza
Co-chair of the Executive Committee of the Warsaw International Mechanism for Loss and Damage (65 kB)

Parallel plenary 2

1. Risk transfer schemes including insurance products and tools
   Mr Isaac Anthony
   Caribbean Catastrophe Risk Insurance Facility (350 kB)
   Risk Transfer Schemes –the example of CCRIF SPC (2073 kB)
   
   
2. Social protection schemes
   Ms Rupalee Ruchismita
   Resilience Design and Research Labs (98 kB)
   Comprehensive climate risk management: can social protection be a leverage? Insights from an on-ground pilot (2222 kB)
   
   
3. Contingency finance
   Ms Tuga Alaskary
   African Risk Capacity (ARC) (271 kB)
   Contingency Finance (1885 kB)
   
   Information papers
   African Risk Capacity (171 kB)
   African Risk Capacity’s 2015 payouts (183 kB)
   The cost of drought in Africa (3082 kB)
   Extreme Climate Facility (XCF) (91 kB)
   
   
4. Country experience presented from Africa Adaptation Initiative
   Ms Kulthoum Omari-Motsumi
   Africa Adaptation Initiative (246 kB)
   Accelerated Action on Adaptation and Implementing Approaches to Address Loss and Damage in Africa (427 kB)

Facilitator: Ms Laura Schaefer
United Nations University, Institute for Environment and Human Security (UNU-EHS)

Session aims: Discussion of country experiences and favorable conditions (e.g. policies/strategies/plans (including INDCs, NAPs), institutions, capacity) to introduce and deploy these instruments at various levels.

The topics of the break-out groups will be the following:

• What role do risk transfer schemes including insurance products and tools play in addressing the risks of loss and damage?
• How can social protection schemes help to increase adaptive capacity, prevent and reduce risks and enhance livelihoods?
• How can catastrophe and resilience bonds help to reduce risk of loss and damage and enhance resilience?
• How can contingency finance contribute to address the risks of loss and damage?

Break-out Group 1
Risk transfer schemes including insurance products and tools

• Mr Isaac Anthony
  Caribbean Catastrophe Risk Insurance Facility
• 
  
• Ms Simone Ruiz-Vergote
  Allianz Climate Solutions GmbH

Break-out Group 2
Social protection schemes

• Ms Rupalee Ruchismita
  Resilience Design and Research Labs
• 
  
• Ms Donna Lagdameo
  International Federation of Red Cross and Red Crescent Societies (IFRC) Climate Centre

Break-out Group 3
Catastrophe and resilience bonds

• Mr Thomas Kessler
  Swiss Re

Break-out Group 4
Contingency finance

• Ms Tuga Alaskary
  African Risk Capacity (ARC)
• 
  

• Breakout group 1:
  Risk transfer schemes including insurance products and tools (64 kB)
• Breakout group 2:
  Social protection schemes (327 kB)
• Breakout group 3:
  Catastrophe and resilience bonds (96 kB)
• Breakout group 4:
  Contingency finance (26 kB)

• Facilitator: SCF member

Plenary discussion (60 min)

• Facilitator: SCF members

Session aims: Discussion of experiences of emerging national/regional funding schemes and new financing instruments that address the risks of loss and damage. This will draw from identified and discussed gaps in the existing landscape of financial instruments

• What are the experiences from emerging national/regional funding schemes?
• What are the alternative instruments/options/solutions for addressing those risks of loss and damage that are not being addressed by the existing financial instruments?
• How do new financial instruments substitute/complement other existing tools which are not in use or have proven not to be effective?

Parallel plenary 1

National/regional funding schemes that address the risks of loss and damage

Presentations

1. Mr Ichiro Sato
   Japan (235 kB)
   
   Ms Maria Obdulia Vitug-Palanca
   Philippines (321 kB)
   
   Mr Takeshi Kuwabara
   Japan (351 kB)
   Making risk finance an integral synergizing element of comprehensive risk management: Philippines’ experience (1145 kB)
   
   
2. Mr Pablo Acosta
   World Bank (252 kB)
   What Makes Social Protection Systems Adaptive? (1936 kB)

Facilitator: Mr Richard Muyungi
Division of Environment Vice President’s Office, Tanzania

Parallel plenary 2

New financing approaches, instruments and opportunities that address the risks of loss and damage

Presentations

1. Mr Butch Bacani
   United Nations Environment Programme (UNEP) Finance Initiative
   New financing approaches, instruments and opportunities that address the risks of loss and damage (1490 kB)
   
   
2. Mr Red Constantino
   Institute for Climate and Sustainable Cities (iCSC) (253 kB)
   Notes on Philippine funding options in the Loss and Damage age (494 kB)
   
   
3. Mr Max Linsen
   European Commission (64 kB)
   EU experiences in policy, funding and financing instruments addressing Loss and Damage (917 kB)

Facilitator: Ms Natalie Unterstell
Climate Finance Group of Latin America and the Caribbean (GFLAC) (145 kB)

Session aims: Participants will be divided in two breakout groups to generate practical insight to replicate and scale-up good practices of existing financial instruments and funding schemes with a particular emphasis on the most vulnerable.

Guiding questions:

• Ms Sandra Guzman
  Climate Finance Group of Latin America and the Caribbean (GFLAC) (19 kB)

• Ms Gelila Terrefe
  United Nations Development Programme (UNDP) (309 kB)
• 
  
• Ms Tuga Alaskary, African Risk Capacity (ARC)

• Breakout group 1:
  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 best practices around? (69 kB)
• Breakout group 2:
  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? (29 kB)

• Facilitator: SCF members

Session aims: Enhancing understanding of the respective roles and functions of governments, regional entities, the international climate regime, MFIs, donors, and private sector in promoting the development and use of financial instruments to address the risks of loss and damage. It will also explore ways how governments can incentivize the development and application of financial instruments by the private sector.

Guiding questions:

• What are the different roles and functions of the different public and private actors?
• How can public-private partnerships at different levels enhance the development and deployment of financial instruments that address the risks of loss and damage?
• How can public policies complement and promote private action?

Facilitator: Ms Joanne Manda
United Nations Development Programme (UNDP) (259 kB)

10 min inputs (30 min)

1. Ms Charlotte Benson
   Asian Development Bank (ADB)
   Strengthening financial resilience: the role of ADB (409 kB)
   
   
2. Mr Gottfried von Gemmingen
   G7 Climate Risk Insurance Initiative
   Experiences of the G7 Climate Risk Insurance Initiative - InsuResilience (516 kB)
   

Panel discussion (30 min)

• Congressman Jose Salceda
  Philippine House of Representatives (216 kB)
• 
  
• Mr Michael Schwarz
  Asiability Group (227 kB)
• 
  
• Ms Charlotte Benson
  Asian Development Bank (ADB) (273 kB)
• 
  
• Mr Gottfried von Gemmingen
  G7 Climate Risk Insurance Initiative (236 kB)

Plenary discussion (90 min)

Summary Slide (64 kB)

Plenary discussion (40 min)